TymeBank, a leading digital bank in South Africa renowned for its commitment to financial inclusion, has joined forces with Flash, a prominent South African payment solutions provider. This exciting partnership significantly expands TymeBank’s cash withdrawal network, making it the most extensive in the country.

Increased Convenience and Accessibility

One of the most significant advantages of the TymeBank-Flash partnership is the wide reach of the new cash withdrawal network.

With access to over 172,000 spaza shops and traders nationwide, TymeBank customers can now conveniently withdraw cash closer to home, especially in areas with limited access to traditional banking facilities.

This enhanced accessibility is a game-changer for individuals who rely on cash for everyday transactions and may not have been adequately served by the existing financial landscape.

Greg Illgner, TymeBank’s Chief Strategy Officer, emphasized the accessibility, convenience, and cost-effectiveness of the cash-out solution offered by Flash Group.

Addressing the Need for Cash

While South Africa is steadily transitioning towards a cashless society, TymeBank acknowledges the continued prevalence of cash, particularly in informal markets and among unbanked communities.

This partnership demonstrates TymeBank’s commitment to catering to the diverse needs of its customers. By offering accessible cash withdrawal options alongside digital banking solutions, TymeBank ensures financial inclusion for a wider segment of the population.

Cost-Effective Cash Withdrawals

Traditionally, ATM withdrawals can incur significant fees. The partnership with Flash offers a more cost-effective alternative.

Withdrawing cash at spaza shops through Flash could potentially reduce withdrawal fees for TymeBank customers compared to ATM withdrawals. This cost-saving aspect makes managing finances easier for individuals who rely on cash for daily transactions.

TymeBank’s Cash Withdrawal Options

TymeBank offers various cash withdrawal options to cater to different needs and preferences. Here’s a quick comparison:

Customers can withdraw cash for free at TymeCode locations in Pick n’ Pay and Boxer stores, as well as use their TymeBank Visa Debit Card at retailers and Kazang merchants for a flat fee of R3.

Alternatively, customers can use ATMs for a fee of R10 per R1000 withdrawn, with over 30,000 ATMs nationwide. The maximum withdrawal limit per day is R3,000 for all options.

The extensive cash withdrawal network empowers customers, particularly those in previously unbanked communities, with greater control over their finances.

With various cash withdrawal options available throughout South Africa, TymeBank remains a leader in innovative and accessible banking solutions.

The TymeBank-Flash partnership is a win-win for both parties. TymeBank customers gain unparalleled convenience and potentially lower cash withdrawal fees.

LemFi Gets Green Light from Central Bank of Kenya for Remittance Services in Kenya

Flash expands its reach and strengthens its commitment to supporting businesses and communities. As Sarah Griffiths, Flash’s Head of Marketing, stated, “This partnership aligns perfectly with our goal of simplifying operations for business owners, allowing them to focus on serving their customers and communities.”

Are you a South African resident looking for a convenient and affordable way to manage your finances? TymeBank, with its expanded cash withdrawal network thanks to the Flash partnership, might be the perfect solution for you.

Visit their website https://www.tymebank.co.za/ to learn more and explore the benefits of becoming a TymeBank customer.