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TymeBank is a South African digital bank aimed at the lower income market. [1] [2] Headquartered in Rosebank, Johannesburg, TymeBank does not have any physical bank branches and relies on an Android banking App, and Internet Banking site and a partnership with two retail chains, Pick n Pay and Boxer, to host a national network of self-service kiosks that facilitate the account opening process.
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
First National Bank (South Africa) Indo-Zambia Bank Limited; Zambia Industrial Commercial Bank; International Commercial Bank; Investrust Bank; Stanbic Bank; Standard Chartered Bank (Zambia) United Bank for Africa [114] Zambia National Commercial Bank
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Bank Zero, registered with the South African Reserve Bank in 2018, is an exclusively digital mutual bank in South Africa. It offers banking to both individuals and businesses. It offers banking to both individuals and businesses.
Banking in South Africa is centred on the South African Reserve Bank (SARB), which is the monetary authority and controls gold and foreign exchange reserves. [ 1 ] Legislation and regulatory authorities
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The bank was founded in 1996 and commenced provision of banking services on 14 October 1996, following the issuance of a banking license by the Bank of Ghana.The Trust Bank is a retail bank that focuses on meeting the banking needs of small and medium-sized enterprises (SMEs).