Katlego Sekhu

TymeBank announced this week that it has onboarded eight million customers as of October 6, 2023.
Speaking on the bank’s growth, TymeBank CEO Coen Jonker expressed pride over their growth since launching four years ago.
“We are immensely proud of the fact that we have acquired eight million customers since launching in February 2019. Our performance reinforces our position as one of the world’s fastest-growing digital banks and a credible alternative to the legacy banks for South Africans.
“This pace of growth also brings us closer to our ambition of becoming one of the top three retail banks in the country,” he said.
Jonker added that the last million customers were obtained over the last five months.
“What is particularly pleasing is the fact that the last million customers were acquired in record time—just under five months, despite ongoing challenges,” he said.
“Our success can also be attributed to our tried-and-tested ‘phygital’ model, which seamlessly integrates the convenience of digital banking into physical retail ecosystems, while the strength of our partnerships with leading retailers such as Pick n Pay, Boxer, and more recently TFG allows us to optimise our distribution network,” said Jonker in part.
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