TymeBank gets green light to buy Sanlam’s loan portfolio By Admire Moyo, ITWeb news editorJohannesburg, 18 Jul 2025As of 31 December 2024, TymeBank had 10.7 million customers. The Competition ...

TymeBank wants to have a loan book that is worth about R2-billion by 2022, which represents nearly 1% of SA’s total unsecured lending market worth R225-billion in 2018, ...

The kiosk, TymeBank app, ... range of financial products and services to be developed, including an extended range of insurance products and term loan products made available for TFG customers.

TymePOS. TymeBank’s business customers stand to benefit from the launch of a new offering, TymePOS, a mobile point-of-sale app that turns an NFC-enabled cellphone into a tap-and-go payment device.

TymeBank’s low-cost model targets lower-income consumers. Unsecured lending is not backed by any collateral, making it riskier than loans backed up by an asset such as mortgages.

But by 2022 TymeBank wants to have a loan book worth about R2-billion on the strength of a range of credit products, which represents less than 1% of SA’s total lending market.

Sanlam is currently in the process of bringing TymeBank in as a key technology partner to support its personal loans business, ... We now have an indirect 12.5% stake in TymeBank, ...

South Africa's TymeBank is considering ditching an expansion into unsecured loans due to the coronavirus crisis, its owner African Rainbow Capital Investments (ARC) said on Friday.