While Standard Bank and FNB ward off fintech disruptors, their digital-only competitors battle on the fringes

Digital and mobile offerings have the potential to disrupt the banking industry in South Africa

TymeBank, Bank Zero and Capitec are all looking for ways to woo businesses – including SMMEs – on to their books

Consumers can only benefit as the big four banks give in to pressure from low-fee upstarts and digital newcomers

Several new entrants will spark a war of attrition rather than a full-frontal assault and customers will be the winners

Many argue such banks will allow the unbanked entry and offer appropriate banking products and services, including to small and medium enterprises

Not only will your banking costs be greatly reduced, you could become a part-owner