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Johannesburg, 03 February 2022: 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.

About TymeBank’s Visa credit card


To qualify for a TymeBank CreditCard, applicants must be 18 years or older, employed and earn R3000 or more per month. They also need to have a valid South African ID or driver’s licence as well as a South African bank account. The TymeBank sleek tap-and-go credit card can be used to make online and point of sale purchases both locally and internationally at over 29 million merchants worldwide.

Cardholders earn Pick n Pay Smart Shopper points everywhere they use their TymeBank CreditCard (instore or online) and points are automatically loaded onto their Smart Shopper profile. Using the card at Pick n Pay stores will allow cardholders to double their Smart Shopper earn. Customers who sign up successfully before 30 April 2022 will enjoy an exclusive launch offer, which will see them earn up to four times Smart Shopper points during that period when they swipe and pay at Pick n Pay.


Features and Benefits

  • Free SMS notifications for extra security
  • Free delivery of the first card via courier
  • Cardholders can get up to three additional cards for family members
  • Up to 55 days interest-free credit if the full amount owed is paid on time every month.

Customers can apply online on the TymeBank website link, or via the free TymeBank app which can be downloaded on the Google Play, Huawei or IOS App stores.

To coincide with the launch of the TymeBank CreditCard the bank commissioned an online survey in December 21 and January 22 to get a perspective on usage and repayment trends among South African consumers.  Click here to find out more.



About TymeBank

Founded in February 2019, TymeBank is currently one of the world’s fastest-growing digital banks and is forecast to reach the 4,5 million customer milestone by the end of February 2022.  The bank is founded on simplicity, transparency and affordability and is designed to make digital banking accessible and affordable to all South Africans across the economic spectrum. TymeBank is majority owned by Dr Patrice Motsepe’s African Rainbow Capital (‘ARC’). Recent investors include Tencent, an internet and technology company based in China and CDC Group, the UK’s development finance institution and impact investor.

Others include UK based Apis Growth Fund II (‘Apis’), a fintech private equity fund based in the UK, JG Summit Holdings (JG Summit) a Philippines based conglomerate owned by the Gokongwei family, African Fig Tree (AFT), a ring-fenced vehicle established by the founders along with key individuals, and the Ethos AI Fund.  TymeBank is a member of the Tyme Group of companies with headquarters in Singapore.

For more information, please visit

About RCS

Founded in 1999, RCS is a leading consumer finance company that serves more than 2.5 million customers across South Africa, Namibia and Botswana. Having become a wholly owned subsidiary of global bank BNP Paribas in 2015, the RCS group employs over 2000 people and offers a range of credit and personal finance products including Cards, Loans, Insurance and Car Finance. Today, RCS is the largest provider of white label consumer finance products in South Africa, powering credit solutions for over 30 of South Africa’s largest retailers. Committed to uplifting the communities in which it operates, RCS – as part of its CSR initiatives and in partnership with TSIBA Ignition Academy – supports local start-ups through Level Up, an enterprise and supplier initiative. The initiative empowers local starts-ups to grow their businesses through various innovation and mentorship programmes.


Notes to Editors

Issued by Aprio on behalf of TymeBank

For media enquiries, please contact:


Rebecca Cronje, 0722578255 or

Cecilia Pinto Taylor, 0833259169 or


Margot Gutteridge 084 296 2689

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