OM Bank has opened pre-registrations

[Daniel Puchert]

New digital bank taking on Capitec opens pre-registrations

Old Mutual has opened pre-registrations for OM Bank, its upcoming digital bank that aims to compete with Capitec in the same market segment.

MyBroadband recently noticed the bank's mobile app was quietly released on the Google Play Store on 14 April 2025 and the Apple App Store on 3 May 2025.

 

[Quicks]

We have too many banks again...

We need another recession where banks close down, left, right and centre.

 

[Smiggles]

@Daniel Puchert why don't you guys ever post links?

 

[Corelli]

The initial users was the company staff. So they allowed their staff to download and register and then comment and criticize all that they feel is incorrect, what can be improved, why did some take it and some didnt and so on. Heard that from a friend.

But generally the costs seems cheaper than Capitec, it also doesnt have as many penalty fees like Capitec has. The response was quite good. They are also working on enhancing what the staff said was needed extra prior to a main launch.