What are Digital Banks?
Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the Internet.
Top Digital Banks In South Africa
Below are some of the Top Digital Banks.
TymeBank
African Rainbow Capital, a fully black-owned investment firm and retail bank owns TymeBank. Their corporate headquarters are in Johannesburg, and they operate a branchless business model. This allows them to pass on significant savings to customers.
FNB
FNB is one of South Africa’s largest banks. The FNB mobile app allows you to conduct everyday Internet banking in a quick and convenient manner. The app allows you to make transfers, manage your accounts and balances, make payments, make cardless withdrawals, and make global payments.
Standard Bank
Both personal and business customers can use Standard Bank’s digital banking services. The MyMo app from Standard Bank offers standard banking functions for personal transactions such as savings, payments, and money transfers.
Capitec Bank
You can use the Capitec Remote Banking app to make payments, transfer credit, check your credit score, block stolen or lost cards, and apply for insurance plans offered by the bank. Once you’ve downloaded and activated the app, you can bank from anywhere at any time.
Which is the top digital bank in Africa?
Across products, innovation and technology, client service, and delivery, FNB’s digital banking offering is consistently one of the best and most advanced in the industry, supporting the judges’ unanimous determination that it be recognized this year as Africa’s best private bank for digital.
Which bank is strongest in South Africa?
Four of the top 10 strongest banking brands in the released Brand Finance Banking 500 2023 report are from the African continent, with South African banking brand First National Bank being the strongest banking brand in the world, closely followed by Capitec Bank as the second strongest brand.