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Bank Zero Opens its Doors in South African with Business and Personal Banking

Bank Zero Opens its Doors in South African with Business and Personal Banking

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Bank Zero, which has been in development for the last three years, is launching with little marketing and hoping to attract customers that have already indicated interest. Its mobile app offers accounts for retail and business customers, including the informal sector. It does not extend credit and will compete with South Africa’s traditional and challenger banks.

According to Bank Zero, it is “A simple and modern App-driven bank for both individuals and businesses, with a fresh approach towards banking. Focussed on solving real banking problems which you struggle with every day”.

Whether or not Bank Zero will live up to its promise, only time will tell.

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