The digital bank accelerates client acquisition, as it deepens its footprint in an increasingly competitive retail banking market.
The Office of the Tax Ombud’s preliminary findings on eFiling profile hijacking shows South African taxpayers are increasingly becoming victims of this type of fraudulent activity.
After 40% year-on-year customer growth, the digital-only financial player aims to gain 100 000 new clients and expects to break even by 2027.
The digital bank reached a turning point at the end of last year and expects to break even in 2024.
The top news headlines for 17 - 22 January 2022
A summary of the top business technology stories shared by ITWeb between 17 - 22 January 2022. Visit www.itweb.co.za for more news. #Microsoft #Oracle #Blockchain
Transactions that cost R99 to R143 at traditional banks cost R21.50 at TymeBank, or R25 at Bank Zero, Solidarity Research Institute’s latest bank charges study finds.
The digital bank says it is managing the growing customer and transactional volumes well and proved stable over the 2020 year-end period.
The digital-only newcomer delays its public launch and opts to run a “closed rollout” as a risk mitigation measure, amid the COVID-19 upheaval.
The digital-only bank appoints Hylton Kallner to replace Barry Hore, at a time the digital bank has completed its build and migration phase.
The digital bank signs a co-operation agreement with Network International, which will empower small and micro businesses to accept card payments.
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.
The new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.
The digital bank now has 1.4 million customers, of which 700 000 are active bank accounts