David Pfaff, chief financial officer at Tyme Bank, has provided an overview of some of the key banking trends which are likely to emerge in South Africa in 2022.
David Pfaff, chief financial officer at Tyme Bank, has provided an overview of some of the key banking trends likely to emerge in South Africa in 2022.
“At TymeBank, 85% of bank accounts have been opened at retailer kiosks in Pick n Pay and Boxer stores, while only 15% were opened online. The convenience of being able to bank at their local supermarket is a big draw factor for consumers wanting to avoid waiting in long queues, but who don’t have the resources to bank online.”to become increasingly popular – especially among online shoppers who want to make purchases now but don’t have the immediate funds.
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