Billionaire Patrice Motsepe’s bank shooting the lights out after major name change

• GoTyme Bank's income increased by 25% to R2.72 billion, with customer advances doubling to R5.08 billion and deposits surging by 27% to R9.69 billion.
• The bank's new banking app has attracted four million customers, and its product pipeline for 2027 includes a credit card and enhanced buy-now-pay-later product.
• GoTyme Bank's growth is changing the economics of everyday payments, with customers saving over R150 million a year due to qualifying instant payments being free.