GoTyme Bank passes 13 million customers, targets third-largest status
Expansion · announcedThursday 29 October 2026
GoTyme Bank, formerly TymeBank, says it now serves more than 13 million customers and expects to become South Africa's third-largest bank by monthly active users in early 2027. The bank also plans investment products and digital-asset access, subject to regulatory approval, and reports net customer advances up 126 percent.
Investors should watch whether the digital bank's rapid customer and lending growth, backed by African Rainbow Capital, can translate into a top-three position and new regulated products.
GoTyme Bank, the South African digital bank, reported that its revenue grew 25 percent. The report is paywalled, so further detail on profitability is not available.
Mukuru plans to double its customer base across Southern Africa within three to five years as it moves into everyday digital payments, savings and credit. Paymentology is expanding its partnership with Mukuru to support the move beyond remittances.
The Reserve Bank has proposed changes that would let non-banks provide payment services and make payment services interoperate. The proposals build on PayShap, which has processed more than one billion transactions since 2023.
Sanlam is building an app that brings GoTyme transactional banking, SanlamGoTyme credit, Boost rewards and Sanlam insurance into one offering. The app is positioned as a way to deepen customer relationships across banking and financial services.
