digital banking

  1. Hanno Labuschagne

    Discovery Bank reaches 1 million customers and records first monthly profit

    Discovery Bank reaches 1 million customers and records first monthly profit Discovery Bank recorded phenomenal customer and revenue growth in the second half of 2024. According to Discovery's results for the six months ended December 2024, the digital bank's revenue increased 42% from R777...
  3. Hanno Labuschagne

    Tyme Group valuation hits $1.5 billion

    Tyme Group valuation hits $1.5 billion Tyme Group, a digital lender controlled by South African billionaire Patrice Motsepe, raised $250 million (R4.47 billion) in a funding round that made it one of Africa’s few unicorns. The bank is valued at $1.5 billion (R26.79 billion) after the capital...
  4. Hanno Labuschagne

    Capitec's big IT edge

    Capitec's big IT edge Being able to build its IT infrastructure from scratch gave Capitec a significant advantage over South Africa's incumbent banking giants, Absa, FNB, Nedbank, and Standard Bank. In his new book, Capitec: Stalking Giants, author TJ Strydom underscores how the upstart bank's...
  5. Hanno Labuschagne

    FNB and RMB suffer big payday outage

    Massive FNB payday outage FNB and RMB have been hit by a major outage impacting their card payments, ATM services, and digital banking channels. Outage tracking website Downdetector showed a massive surge in reports of issues with FNB from around 12:30 on Friday, 23 August 2024.
  6. Hanno Labuschagne

    Bank Zero gets new prices for 2024

    Bank Zero gets new prices for 2024 Fully digital bank Bank Zero has announced its updated fees for 2024. While the prices of most services have been kept the same, there are a few noteworthy reductions in third-party costs and value-added services.
  7. Jan

    Bank Zero vs Discovery Bank vs TymeBank digital bank fees comparison

    South African digital banking battle South Africans who want to open a bank account without the hassle of visiting a branch have several providers to choose from. There are three major banks in South Africa with digitally-focused offerings that operate without physical branches — Bank Zero...
  8. Jan

    Digital bank app rating and transaction fee comparison

    TymeBank beats Discovery and Bank Zero in digital bank comparison South Africans have three banks to choose from that don't require visiting a branch to open an account or perform a variety of everyday transactions — Bank Zero, Discovery Bank, and TymeBank. MyBroadband compared these banks'...
    • Jan
    • Thread
    • bank zero banking apps digital banking discovery bank tymebank
    • Replies: 5
    • Forum: Broadband and IT News
  9. Jan

    Bank Zero vs Discovery Bank vs TymeBank - digital banks compared

    South African digital banks compared — TymeBank vs Discovery Bank vs Bank Zero South Africans searching for a bank that doesn't require branch visits for several services can opt for one of the country's digital banks. The country has seen the launch of several digital banks in recent years...
  10. Jan

    Bank Zero vs TymeBank fees and services compared

    Bank Zero vs TymeBank — Battle for the best affordable digital bank South Africa's newest digital bank, Bank Zero, offers few features and pricing benefits over TymeBank, another digital-focused which launched more than two years ago, a MyBroadband comparison has shown. Following Bank Zero's...
  11. Jan

    Bank Zero goes live with "throttled" launch

    Bank Zero is here Following multiple delays and years of controlled testing, South Africa's newest digital bank, Bank Zero, officially launched to the public on Tuesday. Access to the app will be "throttled" initially, the bank said, to ensure that staff responsible for verifying FICA...
  12. jes

    Absa announces plans for an all-digital future

    Absa announces plans for an all-digital future Absa is making the transition to a fully digital financial services provider, by actively investing in IT infrastructure and related developments
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