South Africa gets a new bank – Bank Zero
...extremely competitive from a fees point of view....Michael Jordaan
The more business you do with us the more we want to reward you with becoming a shareholder in our business.Michael Jordaan
The South African Reserve Bank has granted Bank Zero a provisional license to operate.
App-driven Bank Zero – 45% black-owned – was founded by technology entrepreneur Michael Jordaan and banking visionary Yatin Narsai.
The Money Show’s Bruce Whitfield interviewed Jordaan.
Listen to the interview in the audio below (and/or scroll down for more quotes from it.)
I’m so impressed by the central bank that we have!Michael Jordaan
There’s value in simplicity. Capitec has proven that.Michael Jordaan
South Africa doesn’t need to lend more. It needs to save more.Michael Jordaan
We hope to encourage a savings culture by offering good deposit rates.Michael Jordaan
We’re not going into the lending market.Michael Jordaan
All the employees have skin in the game.Michael Jordaan
It [increasing competition among banks in SA] is the very antithesis of monopoly capital.Michael Jordaan
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This article first appeared on 702 : South Africa gets a new bank – Bank Zero
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