TymeDigital by Commonwealth Bank SA gets operating license
TymeDigital bank – For the past 18 years, the South African Reserve Bank (SARB) had not awarded an operating licence to any bank. But late last month, the chief bank granted Commonwealth Bank SA a green light to operate on South African soil.
Joining an already competitive banking sector, the bank, in Patrice Motsepe’s ARC Commonwealth has a stake, is expected to be a full service digital bank (where you can deposit, withdraw, transfer and apply for loans) that will no doubt cause a panic among other banks. The financial institution becomes the first South African bank since 1999 to be allowed to operate.
TymeDigital loans by Commonwealth Bank SA Partnerships with chain stores
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