TymeBank already making great strides in the country

South Africa's first fully digital bank, TymeBank, which was launched at the end of February 2019, has reportedly has signed 250 000 customers in a short space of time.

TymeBank's head of sales and service, Cheslyn Jacobs, says the secret is that the bank offers value for every customer.

Read: Bank Zero: What's the buzz on SA's newest bank?

The way we designed the proposition was for an average South African. People from all walks of life are starting to see the real value in the TymeBank offering.

Cheslyn Jacobs, Head of sales and service - TymeBank

There are no monthly fees and it's free to become a customer, which means there are no financial burdens for making that decision.

Cheslyn Jacobs, Head of sales and service - TymeBank

What makes TymeBank stand out from the rest?

Our partnership with Pick n Pay and Boxer gives us reach across the country and I think that's our key differentiator.

Cheslyn Jacobs, Head of sales and service - TymeBank

We use an absolutely paperless process to sign customers up and we use biometrics to get that to happen and within five minutes yo walk away with a Visa debit card. That's a massive differentiator.

Cheslyn Jacobs, Head of sales and service - TymeBank

We run a very different business model to the so-called traditional banks...

Cheslyn Jacobs, Head of sales and service - TymeBank

To hear the rest of the conversation, listen below:


This article first appeared on CapeTalk : TymeBank already making great strides in the country


Recommended

by NEWSROOM AI
Read More
SA's Hollywood star Arnold Vosloo says it's been 'a treat' doing Afrikaans movie

SA's Hollywood star Arnold Vosloo says it's been 'a treat' doing Afrikaans movie

Kieno Kammies catches up with the actor who's in Cape Town to promote the film 'Griekwastad' at the kykNET Silwerskerm Fees.

'Ramaphosa wants to find ways to force pension fund managers to invest in SOEs'

'Ramaphosa wants to find ways to force pension fund managers to invest in SOEs'

Daily Maverick associate editor at Scorpio Sikonathi Mantshantsha takes a look at the week's financial news.

Political trend analyst gives Ramaphosa presidency thumbs up on the ethics front

Political trend analyst gives Ramaphosa presidency thumbs up on the ethics front

Political trend analyst JP Landman says the axing of SEO and government officials involved in unethical practices is a good sign.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

South Africa gets 1st new bank since 1999

South Africa gets 1st new bank since 1999

Ray White interviews Coenraad Jonker, Chairperson at Commonwealth Bank of Australia.

How tech is threatening banks in South Africa (and changing money, forever)

How tech is threatening banks in South Africa (and changing money, forever)

Financial institutions, adapt or die! Rand Merchant Investments’ Dominique Collett discusses 2017's major "fintech" developments.

Popular articles
[WATCH] Here's the purported ANC letter Maimane revealed during Ramaphosa's Q&A

[WATCH] Here's the purported ANC letter Maimane revealed during Ramaphosa's Q&A

The 2014 letter on an ANC letterhead signed by then TG Zweli Mkhize thanks Bosasa's Gavin Watson for a 3 million party donation.

Blueberry production – and employment - skyrockets to all-time high

Blueberry production – and employment - skyrockets to all-time high

In 2014, 1000 people had blueberry jobs. By 2023 it could be 26 000. Bruce Whitfield interviews the industry's Sean Tager.

[WATCH] Man records every treadmill run over 8 months... and shows weight loss

[WATCH] Man records every treadmill run over 8 months... and shows weight loss

Khabazela shares tweets and Facebook posts that have gone viral.

Standard Bank says comedy of errors with bond applicant 'a once off'

Standard Bank says comedy of errors with bond applicant 'a once off'

Only when consumer journalist Wendy Knowler chased Standard Bank did they admit wrongdoing that cost a client R41 000.

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

[WATCH] Father and daughter dance-off changes tune when she starts twerking

[WATCH] Father and daughter dance-off changes tune when she starts twerking

Khabazela shares tweets and Facebook posts that have gone viral.