TymeDigital the new South African bank

TymeDigital – Commonwealth Bank of Australia

The Commonwealth Bank of Australia also known as CBA is an integrated financial services group that is a pioneer in the financial industry. At CBA we are known as one of the largest banks globally when it comes to market capitalisation and we are featured in the Morgan Stanley Capital Global Index. As a group; we operate as the largest listed company on the Australian Securities Exchange and we pride ourselves in being the biggest financial services distribution network in the country.

At CBA we like to spread our wings and that is why we continue to expand our business all over the world. We have established ourselves in countries such as Hong Kong, Vietnam, Indonesia, New Zealand, China, India, Japan, Singapore, the United Kingdom, the United States and South Africa. We are glad to have had the opportunity to employ more than 52 000 people all across the world. As a group we find it most paramount to keep innovative practices on going to ensure that we stay on top of things and remain relevant to our clientele; which is why we have invested in the development of digital products. Our main purpose is to ensure that we surpass at creating lucrative financial livelihoods of people, communities and businesses.

At CBA we have a division called the International Financial Services also known as IFS. International Financial Services operates through a portfolio of eleven businesses. The eleven businesses that make up IFS are businesses that function in the property and investment stakes which is made up of retail, small and medium enterprise banking operations in Indonesia, China and Vietnam. China and Indonesia also have life insurance businesses and IFS has 3 100 employees in all its operations. The core function of IFS is to provide financial services to those who are unbanked and underbanked. Through the use of innovative banking products for retail customers and small businesses in its markets; IFS has become a solution to many who are unbankable to give them a fighting chance to be contributors to their economy and have the means for social and economic upward mobility.

Take your money everywhere (TYME) is a South African financial organization which was purchased by CBA in 2015. With the use of innovative technology; TymeDigital has taken its business to self-service kiosks that authenticate a person and their address which automatically enables them to transfer efficiently and timeously. CBA is currently establishing an entire digital service bank in South Africa which will be known as TymeDigital by CBSA. The main purpose of the bank is to give people affordable and convenient banking services with an expanding network of partners. One of the goals of this establishment is to create awareness about financial services and the responsible use of finances through financial education. Creating awareness and educating people on finances is of great importance to CBA in order to increase the market and win customers. African Rainbow Capital in South Africa owns 10% of TymeDigital and is an empowerment investment company.

TymeDigital contact details

Address: 30 Jellicoe Ave, Rosebank, Johannesburg, 2196
Phone: 087 286 8833
Site: TymeDigital

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