Some industry players believe the higher access fees to query the home affairs database will cause more harm than good.
Browsing: TymeBank
Without accessible, affordable banking, SRD grant recipients will return to informal, cash-based systems.
Absa Group’s new CEO, Kenny Fihla, is aiming to turn the bank’s retail unit into the biggest in South Africa.
TymeBank is considering legal action to stop home affairs from implementing huge increases in the fees companies must pay to verify their clients’ identities.
Capitec has voiced its support for home affairs minister Leon Schreiber after TymeBank slammed a big jump in fees for client verification.
TymeBank co-founder Coen Jonker has slammed home affairs’ ID verification fee hike, warning it threatens financial inclusion and digital progress.
ARC Investments plans a JSE delisting, with moves afoot to bring the company back to South Africa from Mauritius.
Revolut, the world’s fourth-largest digital bank, has confirmed to TechCentral that it is interested in the South African market.
TechCentral spoke with TymeBank CEO Karl Westvig about Tyme Group’s latest investment round, TymeBank’s ambitious growth plans in South Africa, and more.
Tyme Group, controlled by billionaire Patrice Motsepe, has raised $250-million in a new funding round.