Digital newcomers out to disrupt South African banking4 Dec 2018—reuters.com
JOHANNESBURG (Reuters) - Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old guard.
A woman stands next to a TymeBank client onboarding kiosk in Johannesburg, South Africa, November 28, 2018. REUTERS/Tiisetso Motsoeneng
It will be first time the $30 billion industry has faced competition since the early 2000s, when...