Rumours of 1st mobile-only bank for SA

2012-11-16 11:36

Rumours are doing the rounds that South Africa may be getting its first mobile-only bank, with big names apparently behind the business.

MTN, Pick n Pay and Boxer Superstores have been mentioned.

BusinessTech reported today that the mobile bank is believed to be called Tyme (Tyme-Capital).

Apparently details of Tyme-Capital were listed on a website under the same name before being abruptly removed yesterday.

BusinessTech said it took screenshots of the website before it was removed. When Fin24 visited the website address, there was only a notice saying “Website Coming Soon”.

Arrie Rossouw, owner of ARK Rossouw Media Consultancy and previously editorial director of MIH Internet Africa, tweeted the news today.

Rossouw said that his relationship in the venture involved PIN-less airtime.

– Fin24

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