Press release -
Discovery Bank clients to harness their rewards in support of KZN relief efforts
Johannesburg, 23 July 2021 - Discovery Bank today announced it will enable all its clients to donate cash or accumulated Discovery Miles, which they earn with Vitality Money as a reward for healthy lifestyle and financial choices, to the relief efforts underway in KwaZulu-Natal. All donations in cash and Discovery Miles from now until 31 August can be made directly from the Discovery Bank app to Gift of the Givers Foundation and Discovery Bank will match the value of each client’s Discovery Miles contribution.
Hylton Kallner, CEO of Discovery Bank, says, “In the aftermath of the devastation across KwaZulu-Natal, we have been moved and inspired by the goodwill and resilience of these communities. Our employees in affected areas are supporting emergency relief projects and we know from other relief efforts that a vast majority of our clients would also want to get involved. As a Shared-value Bank, our entire model is built on working with our clients to achieve positive outcomes. So, we’ve looked at how we can use our technology and products to make it easier for our clients to contribute”.
“We have set up everything so that our clients simply need to select Gift of the Givers Foundation in the Bank app to donate their Discovery Miles or cash in a few easy clicks. And, joining hands with our clients, we will then match the value of the Discovery Miles they donate up to a set value and make additional donations to Gift of the Givers through our Friend Referral Rewards until the end of August; all to bolster contributions for necessary relief”.
More donations from Discovery Bank through Friend Referral Rewards
Discovery Bank recently introduced the first referral programme in banking for existing and new clients in which they earn Discovery Miles for referral with successful signup. The Charity Challenge that ran in the first month of introducing Friend Referral Rewards in collaboration with Discovery’s Ambassadors tallied up to donations with a full value of R107 350.
The selected charities chosen by the Ambassadors included Gift of the Givers Foundaton, UNICEF SA, Reach for a Dream, FoodForward SA, Women and Men against Child Abuse, The Caster Semenya Foundation, The Chad Le Clos Foundation and Woodrock Animal Rescue supported by John Sanei – who won the challenge and received an additional R25 000 from Discovery Bank for his charity.
“As part of the Discovery Miles donations towards relief efforts in KwaZulu-Natal, Discovery Bank will also combine Friend Referral Rewardswith this drive. We will not only match the Discovery Miles for each referred friend who signs up but will also donate up to 5 000 Discovery Miles to Gift of the Givers – extending this specific campaign as another touch point to make a difference in the most affected communities of KwaZulu-Natal. We urge our clients to take a few minutes and donate either Discovery Miles or cash so that these communities can recover as best as possible and a quickly as possible. It can be done if we all stand together,” says Kallner.
ABOUT DISCOVERY BANK
Discovery Bank is part of Discovery Limited, a financial services organization that operates in the healthcare, life assurance, short-term insurance, savings and investment and wellness across 27 markets. Discovery Bank is fundamentally designed differently through its shared-value model. Clients create value as they manage their money well that Discovery Bank shares back with them through better interest rates, deep discounts and significant rewards. The overall outcome is that clients experience greater financial wellbeing, it reduces the risk of defaults for Discovery Bank making the business more sustainable, and it addresses large-scale challenges, such as increased savings, that benefit society at large. Behaviour change and rewards are enabled through Vitality Money, an AI-Powered programme on the Discovery Bank app that which gives clients an understanding of behaviours that influence their financial wellbeing and how to manage their money. The better clients do, the higher their Vitality Money status and the greater the value they receive.
Discovery Limited is a South African-founded financial services organisation that operates in the healthcare, life assurance, short-term insurance, savings and investment and wellness markets. Since inception in 1992, Discovery has been guided by a clear core purpose – to make people healthier and to enhance and protect their lives. This has manifested in its globally recognised Vitality Shared-Value insurance model, active in 27 markets with over 20 million members. The model is exported and scaled through the Global Vitality Network, an alliance of some of the largest insurers across key markets including AIA (Asia), Ping An (China), Generali (Europe), Sumitomo (Japan), John Hancock (US), Manulife (Canada) and Vitality Life & Health (UK, wholly owned). Discovery trades on the Johannesburg Securities Exchange as DSY.
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