South Africa’s New Bank Zero

Bank Zero is an app drive bank that is providing new look to banking in South Africa, as well as a new level of transparency, launched by Michael Jordaan and Yatin Narsai. The new bank is looking to take advantage of the changing times and advancement in technology.

Bank Zero has initiated its testing phase after the South African reserve bank granted its banking license. The bank has also successfully integrated in to the reserve bank payment system, which will allow the bank to control of payments, value chain and create a saving culture.

According to mybroadband.co.za the testing phase the bank has started and  will encompass the bank’s validating its end-to-end live system and processes. Bank Zero is also registered as a mutual bank is said to be more than 45% black owned and 20% women owned.

 

By: Mokgethi Mtezuka

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