Connect with us

Hi, what are you looking for?

News

CBA takes over Tyme

Commonwealth Bank of Australia said it has acquired South Africa’s Tyme Capital, a company that builds digital banking solutions. Johannesburg-based start-up Tyme said in a statement the acquisition is a logical continuation of CBA’s strategy to pursue capability led growth outside Australia and one that reinforces CBA’s core strength in innovation and technology. Tyme was founded in November 2012 when it introduced its mobile bank to South Africans. Tyme is an acronym for ‘Take Your Money Everywhere’ and the company introduced a service which has the ability to send, receive, deposit and withdraw money, as well as make payments and purchase pre-paid electricity and airtime at selected till points such as Pick ‘n Pay and Boxer stores.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.