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.
SARB grants Bank Zero forex exchange licence
SA’s newest digital-only bank, Bank Zero, is appointed as a restricted authorised dealer in forex exchange by the South African Reserve Bank.
Bank Zero on track for 2020 launch, says CEO
South Africa’s latest digital-only bank confirms it will be open to the public before the end of the year, with financial backing from seven investors.
Digital newcomer Discovery Bank nears 500K customers
The digital bank says it has 489 000 clients as of 13 September, versus 370 000 accounts at the end of June.
TymeBank reaches new high, adds fast mode of transaction
The new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.
TymeBank, Discovery Bank see customer gains during lockdown
The digital banks report an upswing in on-boarding new customers, as more consumers look to branchless banking channels for their financial services.
Discovery Bank adds new customers despite COVID-19 setback
The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.