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Nedbank. Picture: Sethembiso Zulu/EWN

Tymebank

Nedbank to pay for mortgages under new rewards scheme

Its Greenbacks programme was overhauled this year as the country’s biggest lenders step up efforts to win and retain customers following the launch of a number of upstart banks.

  • TymeBank attracted 80,000 customers since a soft launch in November 2018 and is targeting 21 million people it says are not adequately served by established rivals. Picture: @tymebankza/Twitter

    TymeBank could break even by 2022

    Deputy CEO Tauriq Keraan told a presentation on Tuesday that TymeBank could break even in 2022 if it attracted 2.2 million active customers and lent to 6% of them.