Discovery Bank makes R498 million loss
Discovery Bank’s normalised operating loss for the six months between 1 July and 31 December 2021 was R498 million — 18% lower than last year.
“Discovery Bank’s performance exceeded expectation, with excellent performance across all metrics,” Discovery...
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...
So earlier this evening Discovery bank went into "Maintenance mode" and a payment i made went through but only shows deducted once off my account as per beneficiaries summary, but the physical balance shows that twice that funds was moved.
anyone else with same issue?
South Africa's biggest Black Friday spenders — including one who spent R697,000
Several Black Friday shoppers in South Africa spent hundreds of thousands of rand in single transactions during Black Friday 2021.
Discovery Pay launched
Discovery Bank has announced the launch of Discovery Pay, a platform that promises secure payments between Discovery contacts with just a cellphone number, no matter where they bank.
"The payments market has evolved rapidly," says Discovery Bank CEO Hylton Kallner.
Problems with Discovery Bank
Discovery Bank has been charging some clients interest on their credit cards despite offering interest-free transactions and deducting the full outstanding balance on the cards via debit order.
One client approached MyBroadband after months of having to complain...
New Discovery Bank features launched
Discovery Bank has announced a number of changes to its digital banking services with the latest release of its mobile application.
These include virtual cards for online shopping, the ability for clients to get up to 20% off when they spend their Discovery...
Discovery Bank app now available on Huawei AppGallery
Huawei South Africa has announced that the Discovery Bank app is now available on its AppGallery platform.
“We are happy to welcome Discovery Bank to our Huawei AppGallery family of apps,” said Likun Zhao, Vice President at Huawei Consumer...
Hi,
I am probably the most outspoken eBucks fan you would ever meet. I'm also probably the reason they keep on making it more difficult to get to level 5 every year.
I am however interested to see if the Discovery bank Vitality Money rewards program is not more beneficial than eBucks ...
Discovery Bank client numbers revealed
Discovery released its interim results for the six months ended 31 December 2019, which showed that Discovery Bank now has 78,000 clients with 180,000 accounts.
Discovery Bank was launched in November 2018 with products designed to improve the money...
I am sick and tired of bad service from banks and having to put up with issue after issue that cannot be resolved easily due to incompetence.
I’m almost convinced the one is as bad as the other.
Therefore I want to find out what banks (according to you guys - the experts - on here) is the...
Discovery Bank problem with credit card debit orders
Several Discovery Bank clients have had the full outstanding balances on their credit cards taken from their bank accounts via debit order, rather than the minimum amount.
One client who contacted MyBroadband with the story said this was the...
Big Discovery Bank security flaw related to card payments
Discovery Bank credit cards were affected by a security vulnerability that allowed you to make online purchases without knowing a specific bank card's CVV.
The card verification value (CVV) is the set of three digits printed on the back...
What to know before moving to Discovery Bank
As Discovery Bank grows, it is actively migrating Discovery Card users on FNB to its new platform.
This process is not without its frustrations, as many customers who have moved over are experiencing some frustration while adapting to the new service.
Bank Zero ready to take on Discovery Bank and TymeBank
Bank Zero is confident that its increased functionality, competitive fee structure, and easy-to-understand offering will be enough to compete in an increasingly crowded market.
This is according to Lezanne Human, cofounder and executive...
New South African tech bank shootout
Discovery Bank was launched on 14 November, offering a completely digital banking service with products designed to improve the money management of clients.
Discovery CEO Adrian Gore described the new venture as the world’s first “behavioural bank” which...
Discovery Bank explains “no whites” share plan
Discovery Bank was launched this week, offering a completely digital banking service with products designed to improve the money management of clients.
Discovery Bank is built around behavioural economics and leverages a similar rewards model to...