South Africa’s first fully licenced digital bank has gone live in 500 Pick n Pay and Boxer stores and this is set to grow to 730. While it has no branches and its core banking system is hosted in the Cloud, its distribution partnership with Pick n Pay and Boxer means its customers have access to over 14,000 till points across the retail network, in addition to TymeBank kiosks at stores across the country. They can withdraw money free of charge at the till and deposit money for just R4. TymeBank is South Africa’s first majority black owned bank focused on retail and business banking. Its majority shareholder is African Rainbow Capital Financial Services Holdings and TymeBank is committed to financial inclusion. It has partnered with not for profit social enterprise, Harambee Youth Employment Accelerator, to create jobs and stimulate economic participation. It is also automatically linked to Pick n Pay’s Smart Shopper rewards programme. In the run up to its official launch, TymeBank acquired over 80,000 customers. Its current suite of products includes its EveryDay transactional account bundled with a unique savings tool called GoalSave; its MoneyTransfer solution; and, its TymeCoach App, which gives consumers free access to their credit report, supported by useful tips on how to make better decisions about money. Open your TymeBank account in under 5 minute Bank Where You Shop SUER TymeL No documents needed, just your thumbprint No monthly fees Unlimited free cord swipes Earn up 0 10% interest on savings. Get your Visa debit cord now