TymeBank rewards Banyana Banyana soccer team after heroic performance at FIFA Women’s World Cup™

Johannesburg, 20 June 2024

Today, TymeBank, one of the world’s fastest- growing digital banks played host to the coach of Banyana Banyana soccer team, Desiree Ellis and xxx players at a ceremony to hand over R2 million to the team for their excellent performance at this year’s FIFA Women’s World Cup. The team reached the quarterfinals for the first time in the quadrennial tournament which was held in Australia and New Zealand.

During the tournament, TymeBank pledged a portion of each customer’s transaction processed (amounting to R2 million) during Women’s Month towards the national team’s FIFA Women’s World Cup™ bonuses. TymeBank’s customers supported the initiative at no cost to themselves by simply transacting on their accounts.

TymeBank Customers Powered the Initiative

Cheslyn Jacobs, Chief Commercial Officer at TymeBank commented: “TymeBank and our customers are immensely proud of the performance and achievements of our Banyana Banyana soccer team at this year’s FIFA Women’s World Cup™. We are equally pleased that our customers played their part in helping attain our goal of ensuring that our heroes are recognised and get a reward for their efforts.”

“To amplify the message of this worthy campaign, EVOLV Outdoor stepped forward and donated free billboard space to TymeBank. We would like to thank the EVOLV team for their role in recognising and rewarding the efforts of this remarkable team,” added Jacobs.

Banyana Banyana’s Road to the 2024 Paris Olympics

With their journey well underway to secure a spot to represent the continent at the CAF Women’s Olympic Football Tournament in Paris 2024, we believe this recognition by TymeBank’s millions of customers will go some way in showing our unwavering support to this champion team.

Jacobs concludes, “We are pleased the bank joined forces with our customers in acknowledging this team, who we believe deserve to be fairly compensated. Again, we applaud the Banyana Banyana team for their sterling performance at the FIFA Women’s World Cup™. We hope that they have inspired others across the country with their performance. Your uplifting performance is a reminder that hard-work, dedication and a singular focus on a goal are by far the greatest attributes for success. We hope that we as a country can emulate your example in our determination to becoming a winning nation in all aspects.”

About TymeBank

TymeBank is currently one of the world’s fastest-growing digital banks, with over 8 million customers since launching in February 2019. 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 has no monthly banking fees, it takes less than five minutes to open an account and in most cases transaction costs are 30 to 50% lower than what customers would pay at other local banks. Through a distribution partnership with Pick n Pay, Boxer, and TFG stores, TymeBank has over 1,000 kiosks and 15,000 retail points in retail stores across the country. Retail Capital, a division of TymeBank, is the largest SME funder of its kind in the sector.

TymeBank is majority owned by Dr Patrice Motsepe’s African Rainbow Capital (‘ARC’). Other investors include Tencent, British International Investment (BII), Apis Growth Fund II (‘Apis’), JG Summit Holdings (JG Summit), African Fig Tree (AFT), and the Ethos AI Fund. TymeBank is a member of the Tyme Group of companies with headquarters in Singapore.