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Fuel rewards at South Africa’s big banks compared Subscribe All of South Africa’s major retail banks have entered into rewards partnerships with service stations, giving their customers cash back or point as a reward for filling up with preferred brands. Banking customers who have been reaping rewards with First National Bank’s eBucks programme over the years would be most familiar with the concept – with Capitec and Nedbank customers the latest to be introduced to the structure. Reward programmes from the big banks are often complex in nature – with different customers falling into different tiers with different rewards levels – or come with terms and conditions that mask important caveats. ....
A step change in banking Partner1 April 2021 Rooting every decision in a noble intention is not always easy. For Discovery, however, there is a golden thread – a core purpose to make people healthier, and enhance and protect their lives. This purpose is cemented in every decision through a globally recognised Shared-value Insurance model. In a move away from conventional banking, it’s this model that sits at the heart of The Bank’s philosophy is that the better its clients do, the more value the Bank creates – value that can be shared back with these clients. “We operate in a landscape that now, more than ever, demands innovation and digitisation, but also purpose and being an active partner in the lives of modern consumers,” says Hylton Kallner, CEO of Discovery Bank. ....
How has banking really changed over the past century? Sure, there is easy access to banking apps, electronic payments and some cash back when you spend money. But when you really think about it, it’s still a matter of a one-size-fits-all approach – regardless of how well you manage your mon. ....
Discovery Limited (via Public) / Discovery Bank launches a new campaign to show why it's a Bank like no other publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
Image: Moneyweb Discovery contends that against certain key metrics at least, its venture into banking is the “fastest growing” in the South African market. At the end of November, it had crossed the 500 000 account mark, with R5.1 billion in retail deposits and R15 billion in cumulative spend. Its customers are using a total of R3.7 billion in credit, with an arrears rate 65% lower than the market. This has been achieved in 14 months. The half-a-million number is laudable, given the proposition, but other entrants have blown past this with a simpler proposition targeting a different segment of the market.. At the end of November, it had crossed the 500 000 account mark, with R5.1 billion in retail deposits and R15 billion in cumulative spend. Its customers are using a total of R3.7 billion in credit, with an arrears rate 6 ....