Patrice Motsepe's branchless bank reaches 2 million customers

Patrice Motsepe's branchless bank reaches 2 million customers

- South African tycoon Patrice Motsepe is doing very well amid the Covid-19 lockdown

- The businessman's TymeBank, which was launched in February 2019, has reached the 2 million customer-mark

- When the bank launched, it had set itself a target to reach 2 million customers by the end of this year

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Patrice Motsepe's branchless bank is doing very well. TymeBank has reached 2 million customers.

When the bank launched in February 2019, it set itself a target to reach 2 million customers by the end of this year. Looking at the latest numbers, the bank has been received very well in Mzansi.

According to news reports, the bank has stated that 1.2 million people or 60% of this customer base are active customers. 400 000 of the 2 million customers were added during the ongoing lockdown despite footfall to retailers.

According to News24, TymeBank CEO, Tauriq Keraan said:

"Notwithstanding the strong growth in overall customer numbers, we are in particular pleased with the steady growth in the number of active customers, currently at nearly 1.2 million. We also observe that these customers tend to use their accounts more actively as they become more familiar with the benefits."

The publication reports that TymeBank has attracted R10 billion in customer deposits to date. It said in addition to gaining individual customers, it has onboarded over 18 000 small businesses who are now part of its SME client base.

Patrice Motsepe's branchless bank reaches 2 million customers

Patrice Motsepe's branchless bank has reached 2 million customers. Image: @motsepefoundation
Source: Instagram

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In other news, Briefly.co.za reported that Kaizer Chiefs midfielder Willard Katsande has been trending on social media after posting yet another hilarious video of himself dressed to the nines and dancing.

In the latest video, the star can be seen dancing a hilarious dance move in the middle of a deserted road. Katsande's captain at Amakhosi Itumeleng Khune and other social media users have reacted to the player's post.

Reacting to the video shared by the Premier Soccer League (PSL), Khune commented with three dancing man emojis.

Other tweeps, who seem to be Kaizer Chiefs supporters, begged Khune to ask Katsande to focus on football now. They want to win the league title this season.

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Source: Briefly.co.za

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