GoTyme Bank, a newly launched Filipino digital bank, has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that aims to improve access to high-quality financial services for Filipinos. Singapore-based Tyme Group, which has partnered with Gokongwei Group to launch GoTyme Bank in the Philippines, has had a long-standing relationship with Mambu. They worked together for many years in South Africa, where Mambu powered South Africa’s TymeBank to transition into a fully-fledged digital bank.
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There is a need to create public banks in SA: Mapaila
The South African Communist Party (SACP) has called for the creation of public banks in the country, arguing that the country’s commercial banks are only benefiting the wealthy, while the Reserve Bank needs to change its monetary policy regime adopted since 1996, which has failed South Africa, according to SACP General Secretary Solly Mapaila.