Johannesburg – 27 March 2025 – Discovery Bank announced the latest advancements in its banking features and services, unveiled today at a client and financial adviser launch.
Salient additions to Discovery Bank:
Vitality Money, the bank’s behavioural change programme, now incorporates rewards for financial planning to align clients’ short-term goals and long-term aspirations, including es
Johannesburg – 27 January 2025 – Discovery Bank, today, released an analysis of its client transaction data during December 2024. It highlights interesting festive spend behaviours among the Bank’s clients and the value derived from their travel and lifestyle rewards.
Hylton Kallner, CEO of Discovery Bank, says, “The December holiday period is known as a time of increased spending. So, it’s n
Highlights:
The Discovery Emergency Cover range of options will be available from 1 January 2025
Employees and their families will now have access to extensive cover for accidents and trauma events, treatment in casualty and for emergency in-hospital procedures
Discovery Emergency Cover is offered through three packages – Emergency Core, Emergency Plus, Emergency Max - starting at R90 per mont
In line with expectations that debt repayment would be a key reason for requesting Two-Pot withdrawals, one of the two main reasons claimants gave for needing extra cash was to settle short-term debt. The other was to cover home or car expenses. That's according to the Discovery Corporate and Employee Benefits’ pension and provident fund business. T
Johannesburg, 30 August 2024 – On Wednesday, the 2024/2025 Ask Afrika Orange Index®, a leading, independent benchmark study in the field of customer experience, showed Discovery Bank as the clear leader not just among banks, but across all brands included in the study.
The Ask Afrika Orange Index® survey, which consisted of 46,000+ consumer interviews about their real experiences and expect
Johannesburg, 26 August 2024 – Discovery Bank, today, announced that is has reached the milestone of acquiring its first one million clients. This follows the Bank’s announcement earlier this year that it had over two million active accounts.
Hylton Kallner, CEO of Discovery Bank, says, “This milestone of our first million clients is a special one. While it’s only the beginning for us, we are
Johannesburg, 30 July 2024 – Discovery, today, released a paper on the value Discovery Vitality members get from Ðiscovery Miles, the currency used to give clients rewards for positive behaviours across the integrated Health, Drive and Money behaviour-change platforms.
Highlights from the research:
In 2024 alone, Discovery Vitality members are expected to earn more than Ð10 billion with
Johannesburg, 23 July 2024 – Research company, Ask Africa, yesterday, announced the results of their all-new Ask Africa Banking Brand Index © in which Discovery Bank took top spot for both brand connection and emotional satisfaction. Including views from clients across 11 major South African banks, Discovery Bank stood out as winning the hearts and minds of banking clients across all income groups
Leading health insurer’s ambition to help create a healthier Africa continues to gain momentum
Vitality Health International, the innovative health insurer that provides leading healthcare solutions to employers in Africa, has announced additional benefits, improved access to accredited healthcare provider networks, and a new health insurance plan to further broaden access of comprehensive heal
Discovery Bank today revealed Rugby World Cup 2023 insights, which explored how this major world sporting event impacted the spending habits of its clients between 1 September and 28 October 2023 – in France and back home in SA.
Even though just over 40% of South Africans have funeral cover, only one in 10 South African consumers has life insurance. If the deceased’s estate has a cash shortfall, the funeral and immediate costs may be taken care of, but there are no backup funds available to pay for winding up the estate itself.
Discovery ranks fourth on the Fortune Change the World list for the application of its shared-value model in the banking industry through Discovery Bank - a branchless, full-service bank which nudges and rewards clients towards better financial behaviours and outcomes.
Johannesburg, October 6, 2022 – Coinciding appropriately with World Investor Week, Discovery Bank is excited to announce the launch of share trading through the Discovery Bank app, in partnership with EasyEquities. Clients can now open a new EasyEquities account, or link an existing one, seamlessly through the Discovery Bank app, making investing in their favourite local and global brands and othe
Johannesburg, 23 August 2022 — Discovery Group today announced the launch of Cogence, a discretionary fund manager (DFM) seeking to significantly enhance the business of wealth creation in South Africa. Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality to provide investment solutions including mode
Johannesburg, 20 June 2022 – Over the past year, Discovery Bank has seen strong deposit growth and considerable traction of its shared-value banking model amongst its client base; the appeal of a full service, shared value, digital bank is reflected in Discovery Bank’s strong growth to over 1 million accounts since its public launch in 2020.
Today, as the Bank announced the milestone of reachin
Johannesburg, 11 May 2022 — According to National Treasury, South Africans generally need more awareness of investments and savings in general. Luckily, you’re never too young to start investing in your future, or too old to change the way you think about your retirement, as the 11-year-old star of a new Discovery Invest campaign helps us see.
“When people don’t save enough for retirement, and
Discovery Bank launches its inaugural Spend Trend report, a fascinating look into the money trends and spending habits among the Bank’s client base over the last year.
Johannesburg, 17 March 2022 – Discovery Bank today released its inaugural “SAFx Rater”, a comparative analysis of features and benefits of forex accounts offered by major banks and forex providers in South Africa. With the recent strengthening of the rand against major currencies, there has been significant interest in opening foreign exchange accounts to take advantage of this. Discovery Bank has
Johannesburg, 14 February 2022 - With 2021 characterised as a year of strong market recovery from the shock caused by the global outbreak of COVID-19, the scene for 2022 remains positive, albeit with some uncertainty.
Kenny Rabson, CEO of Discovery Invest, says that while the worst is likely behind us in terms of the market impact of COVID-19, its longer-term effects are continuing to influen
Johannesburg, 07 February 2022 — Discovery Bank, this week, launched its comprehensive, real-time forex capability on the Discovery Bank app that gives access to immediate foreign currency transactions.
Hylton Kallner, CEO of Discovery Bank, says, “Our full forex capability is a key requirement in an increasingly global environment. We have placed a great focus on ensuring that we remove the c