TymeBank is considering legal action to stop home affairs from implementing huge increases in the fees companies must pay to verify their clients’ identities.
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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.
A detailed analysis of more than three million consumer social media posts over the past year shows Discovery Bank is South Africa’s “favourite bank” for 2024.
Magnetic stripes on bank cards appear to be on their way out as South Africa’s financial institutions look to more modern features to bolster the security of card transactions.
BankservAfrica’s latest update to real-time payments platform PayShap is designed to drive uptake of the service.