Discovery Bank takes on Capitec Bank, TymeDigital (Patrice Motsepe), Bank Zero

(Also, read: South Africa gets a brand-new bank, ‘Bank Zero’)

The technology is state of the art… it’s intuitive… you can open an account in three minutes… We don’t see any use for branches at all… You get instantaneous, super-secure processes…

Adrian Gore, Discovery Group

South Africa got a brand-new bank on Wednesday – Discovery Bank.

There are five new or repackaged banks launching over the next few months.

Most will be digital-only, without physical branches.

The Money Show’s Bruce Whitfield interviewed Adrian Gore, Discovery Group CEO.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I don’t think you should go into banking if you are capital short…

Adrian Gore, Discovery Group

The bank is aimed at people who do manage their money well…

Adrian Gore, Discovery Group

An emerging South African bank should reflect transformation… We don’t want to fight… We’re a nation builder…

Adrian Gore, Discovery Group

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South Africa gets a brand-new bank, ‘Bank Zero’

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