Discovery Bank’s R1bn loss in line with expectations, says CEO
The Discovery Health-owned bank continues to invest heavily to reach long-term growth projections, says Discovery Bank CEO Hylton Kallner.
Discovery Bank intros slew of digital, fintech innovations
The digital bank announces new digital and fintech innovations at its annual product-update event with financial advisers.
Discovery Bank records R1bn loss in year-end results
Despite the loss, the digital bank says it expanded its existing client base and is achieving 500 average daily new-to-bank sales.
Bank Zero finally launches after numerous hiccups
After being forced to push out its public launch on numerous occasions, SA’s latest digital-only bank opens to the public, offering a list of zero-fee services.
Discovery Bank appoints Reuel Khoza as chairperson
Effective today, the celebrated businessman is chairperson of Discovery Bank, replacing Adrian Gore, who remains a director of the bank.
Apple Pay finally comes to SA
Absa, Discovery Bank and Nedbank clients are the first to get the digital wallet service in the country.
Discovery Bank clocks over 540K accounts
The digital bank says it is managing the growing customer and transactional volumes well and proved stable over the 2020 year-end period.
Hylton Kallner appointed new Discovery Bank CEO
The digital-only bank appoints Hylton Kallner to replace Barry Hore, at a time the digital bank has completed its build and migration phase.
Discovery Bank introduces virtual card, contactless payment
The digital-only bank becomes the latest financial institution to introduce a virtual bank card to offer clients safety and convenience for transactions.
South African banks snub social media conversations
In the new Banking Sentiment Index, Nedbank and African Bank emerge as the most responsive, while Discovery Bank is the worst at responding to customer queries.
Bank Zero introduces pricing guide, promises financial freedom
The digital-only bank bills itself as the first bank in SA to charge zero fees for EFT payments and the first to offer free debit order services.