TymeBank launches credit card in response to customer needs
Johannesburg - TymeBank, one of the world’s fastest growing digital banks, has officially launched its first credit card in response to ongoing customer demand. This comes as the bank continues to expand its offering with products that cater to different financial needs and life stages.
“The launch of the TymeBank CreditCard is a significant step in our growth phase and is in line with our intent to diversify our customer profile by attracting more customers from the middle and upper middle-income groups,” says TymeBank CEO Tauriq Keraan.
“The card has been in the pipeline for some time, but we thought long and hard about timing, particularly given the challenging consumer environment. That said, a credit card is a secure, convenient method of payment that can add value to your budget and lifestyle, provided it is used responsibly,” he adds.
TymeBank will ensure cardholders are armed with all the information they need to get the best out of their credit card while managing their debt.
The internationally recognised TymeBank Visa credit card is offered in partnership with RCS, a leading consumer finance company and registered credit provider. “We are excited to partner with TymeBank to launch the new TymeBank CreditCard, which provides access to credit via enhanced digital offerings and offers benefits to consumers. We remain committed to improving consumer lifestyles through new product offerings, with the broader strategy aimed at targeting new customer segments,” says RCS Chief Executive Officer, Regan Adams.
This is not TymeBank’s first foray into lending. MoreTyme™, the bank’s Buy Now Pay Later offering, enables qualifying customers to buy a retail product by advancing only 50% of the purchase price upfront and the balance being settled over a 30-day and 60-day period – without paying interest or fees.