Mobile-only bank launches in South Africa

Launching mobile bank

African telecommunications providers MTN is launching Tyme Capital, a mobile-only bank, in partnership with retail chain Pick n Pay. The service, which is available to consumers in South Africa, allows them to send and receive money; deposit and withdraw money; make payments; buy prepaid airtime and buy prepaid electricity.

Tyme “Take Your Money Everywhere” is a distribution channel of South African Bank of Athens and users can deposit and withdraw cash and pay for goods at any Pick n Pay or Boxer store. 

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