Bank Zero: What's the buzz on SA's newest bank?

Bank Zero, South Africa's newest banking platform, will be starting its trial runs in preparation for its official launch in 2019.

The bank has already integrated with the national payments systems of the SA Reserve Bank and announced two strategic partnerships with IBM and Mastercard to tighten up security protocols.

Co-founder and chairperson, Michael Jordaan says one of their aims is to reduce the amount customers pay in banking fees.

The bank will be accessible to anyone with a smartphone and business. We think the business segment in South Africa is somewhat neglected.

Michael Jordaan, Co-founder and chairperson

We are trying to make it as simple as possible that you don't ever have to go to a branch to sign forms and paperwork.

Michael Jordaan, Co-founder and chairperson

Bank Zero will begin beta testing during the first quarter of 2019 and expects public operations to begin around mid-2019.

To hear the rest of the conversation with Michael Jordan, listen below:


Recommended

by NEWSROOM AI
Read More
South Africa gets a brand-new bank, ‘Bank Zero’

South Africa gets a brand-new bank, ‘Bank Zero’

The Money Show’s Bruce Whitfield interviews Michael Jordaan, co-founder and Chairperson at Bank Zero.

Capitec Bank is smoking all the other South African banks

Capitec Bank is smoking all the other South African banks

Capitec Bank is South Africa’s largest bank by the number of customers, according to the BRC Products and Brands Module survey.

3 best shares to buy, right now (by Sasfin Securities)

3 best shares to buy, right now (by Sasfin Securities)

Nesan Nair, a stockbroker and portfolio manager at Sasfin Securities, shares his stock picks of the week.

Brand SA: corruption is high on our agenda #InvestSA

Brand SA: corruption is high on our agenda #InvestSA

Taking part in Investment Summit, Brand SA's Babalwa Ngonyama says it has positioned brand South Africa as a "gateway to Africa".

Not taking a lunch break? Neither are millions of South Africans and here's why

Not taking a lunch break? Neither are millions of South Africans and here's why

The survey shows that South Africans are overworked and they believe that they are expected to skip lunch by employers.

NSPCA in bid to ban 'ugly' lion bone trade

NSPCA in bid to ban 'ugly' lion bone trade

The animal welfare group lodged an urgent court interdict against the government to stop the authorisation of lion bone exporting.

When banks fail… new Bill aims to safeguard depositors’ funds

When banks fail… new Bill aims to safeguard depositors’ funds

Ray White (on The Money Show) interviews Desiree Reddy, Director in the banking and finance practice at Norton Rose Fulbright.

Popular articles
[LISTEN] DA MP Glynnis Breytenbach withdraws her candidacy for NDPP post

[LISTEN] DA MP Glynnis Breytenbach withdraws her candidacy for NDPP post

Breytenbach was one of 12 candidates shortlisted for the position.

'I felt racially profiled at Wellness Warehouse'

'I felt racially profiled at Wellness Warehouse'

Efua Prah shares how she felt she was racially profiled while shopping, a problem she says exists in many Cape Town outlets.

Water restrictions see 17 municipal pools across CT open from December

Water restrictions see 17 municipal pools across CT open from December

The City of Cape Town's JP Smith says four of the existing municipal pools will be converted into salt water pools.

Ever wondered why university vice-chancellors earn millions. Here's why

Ever wondered why university vice-chancellors earn millions. Here's why

CEO of Universities SA, Professor Ahmed Bawa explains why university vice-chancellors earn a lot of money while students struggle.