South African digital bank TymeBank has partnered with retail clothing group The Foschini Group (TFG) to offer customers new financial products and services. The partnership will see TymeBank install more than 600 kiosks across TFG stores, allowing customers to open a TymeBank TFG Money account in less than five minutes, with no monthly fees or paperwork. The partnership also includes a ‘Buy Now Pay Later’ solution called MoreTyme and a personal loan program, TymeBank TFG Money Personal Loan. The partnership could expose TymeBank to more than 28 million TFG loyalty program members.
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Mambu enables South African TymeBank to launch in the Philippines
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.