Latest News & Developments
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How to switch your SASSA SRD grant payments to TymeBank
SASSA has announced that beneficiaries of the R370 SRD grant can now switch their payment method to Tyme Bank by visiting a nearby kiosk to open an account, then submitting updated banking details at a SASSA office.
Spaza shops under threat: Navigating new regulations and economic challenges
Thousands of spaza shops in South Africa are closing due to stringent registration requirements imposed by Cogta.
Sanlam reports strong earnings growth and strategic partnerships for future success
Sanlam announces robust earnings growth for 2024, driven by strategic partnerships and market expansion across Africa and India.
SARS paid pensioners rebate into a ‘falsified’ TymeBank account
“I don’t know who opened the account with TymeBank as it was not me and not any member of my family,” said Jairaj Sathdav.
Brazilian bank Nubank makes a big R2. 7bn investment in fintech Tyme Group
The capital will accelerate Tyme Group’s expansion, enhance its technology platform, and strengthen its position in key markets.
TymeBank and rain lead growth for African Rainbow Capital Investments
The growth in mobile customers was fuelled by the popularity of its rainOne and rain mobile offerings, ARCI directors said.
Are the traditional South African insurers about to disrupt the retail banking market?
South African insurers are making bold moves into banking, while banks continue to sell insurance.
TymeBank hits 10 million customers, R7 billion in deposits to become Mzansi’s fastest growing bank in 2024
TymeBank, the digital bank majority owned by South African billionaire Patrice Motsepe’s African Rainbow Capital, has confirmed that it has reached the 10 million customers milestone, as of September.
TymeBank reaches 10 million customers and expands to Indonesia
Westvig took over the reins as CEO of TymeBank, the first digital bank in Africa to reach profitability, yesterday (Oct 1). The bank now has almost R7 billion in customer deposits, which it said makes it the fastest-growing bank in South Africa, based on customer deposits for 2024 – and growing significantly faster than the country’s ‘Big Five’ banks.
Further investments into Rain, TymeBank shore up ARC’s valuation
ARC Investments said yesterday that its ARC Fund portfolio was was positively impacted by the GNU consummation, lower inflationary pressures and reduced levels of load shedding by Eskom for the full year to June 2024.
Bank Ombudsman finds 76% in favour of banks
Of the complaints from clients of Capitec, 64% became formal complaints, 37% for FNB, 48% for Standard Bank, 64% for Nedbank, 79% for African Bank and 63% for TymeBank.
TymeBank customers can now withdraw cash at 170,000 spaza shops across SA
TymeBank is hoping to cash in on the belief that not all South Africans want to be cashless.
SMEs can avoid paying penalties by planning ahead for the tax year
OPINION: The last thing you want is having to pay penalties and interest on outstanding amounts, just because you haven’t planned properly, writes Mmasetena Nyatlo.
TymeBank teams up with iKhokha to lift business services
The move will allow Tymebank’s business banking customers to not only use the latest in mobile payment innovation, but to also have access to iKhokha’s suite of business tools.
TymeBank and TFG partnership reaches 1 million customer milestone
Benefits include free banking, customised personal loans and instalment-based, interest-free shopping.
Tymebank beats other local digital banks with a first monthly profit
Black-owned digital TymeBank reached its first month of profitability in December, the first digital bank in South Africa and on the continent, to break even, CEO Coenraad Jonker said yesterday.
How WhatsApp is changing healthcare in South Africa
By leveraging mobile communication and chat commerce technologies, MediClub Connect provides a convenient platform for millions of South Africans to access healthcare services directly from their mobile phones via WhatsApp.
Tyme raises R1. 5bn as it prepares to enter second South East Asia market
The closing of the second capital raise also coincided with the group reaching 7 million customers this month.
TymeBank ropes in TFG to expand its footprint
Bank can now expand its financial products and services to its expanding customer base, both instore and on digital platforms.
Banks more positively viewed than telecoms and insurance groups on social media
FNB ranked first, followed by Absa, in the Banking Index
Banking Sentiment Index shows loyalty, rewards big winners with bank customers
The index is compiled after DataEQ tracked over four million social media posts about big banks in the country.
TymeBank gets green light to buy Retail Capital
The bank has passed all regulatory hurdles.
TymeBank’s TymeAdvance takes off as employers look to reduce employees’ financial stress
Salary advance delivers significant benefits for cash-strapped employees
WATCH: How TymeBank is disrupting and transforming banking to empower people
Set up with a desire to improve lives, TymeBank is challenging the banking status quo with accessible services and attractive rates.
TymeBank bolsters SME offering as it acquires Retail Capital, launches TymeTrybe
Shares in JSE-listed African Rainbow Capital Investments, which holds the majority shareholding in TymeBank, were flat on the news in intraday trade yesterday.