Bank Zero is a mobile banking app that offers zero fees. Bank ZeroMuch anticipated fintech startup Bank Zero has finally launched in South Africa. Bank Zero already has an X-factor by virtue of its founding chairman, Michael Jordaan, the former CEO of First National Bank (FNB), which he turned into a highly innovative, digital-first bank in his decade at the helm. Away from the daily grind, the two friends reenvisaged what a brand new, digital bank should look like, Jordaan says. Several other new digital banks have launched into South Africa’s sophisticated banking market, including TymeBank and Discovery Bank.

Source: Forbes August 10, 2021 20:37 UTC