TymeBank Digital Banking

24 minutes

Produced for CNN Marketplace Africa

There’s a global rise of the digital bank. A report by allied market research puts the global market size at 3.95 billion U.S. dollars in 2019. That’s expected to reach 10.87 billion dollars by 2027. Tymebank credits its growth to its strategic placement of over 600 kiosks in high traffic supermarkets… coupled with the easy sign-up and low costs. These digital first banks are overriding legacy systems and propelling a new customer base into a new way of banking. The South African reserve bank also played a role in transforming the banking landscape through its regulatory framework.