Digital bank TymeBank is expanding into the medical insurance space, with a plan to offer South Africans access to private healthcare starting at R139/month.
Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank.
African Rainbow Capital’s banking partner is close to getting a licence that it wants to use to challenge the dominance of South Africa’s biggest lenders. The Commonwealth Bank of Australia has said it will sell 10% of Tyme
MTN Group will look for new ways to bring banking services to its customers’ mobile phones in South Africa after severing ties with Australian-owned partner Tyme. Africa’s biggest mobile phone operator scrapped the
South Africa’s cellular operators have been trying for years to crack the mobile commerce code, but haven’t been able to repeat the successes they’ve had in countries such as Kenya, Tanzania and Uganda. MTN, working with Pick n Pay, may just have found the key to success at
In a move that will be regarded as a direct challenge to South Africa’s big banks, retailer Pick n Pay and mobile operator MTN have taken the wraps off a new, low-cost banking solution and free money transfer service that will be offered to consumers who sign up for a
MTN and Pick n Pay are poised to launch a mobile bank. Called Tyme, which stands for “take your money everywhere”, the venture will piggyback on the banking licence held by Bank of Athens. Tyme hopes to make mobile money transfers and mobile banking commonplace in South Africa, where consumers