The "Tyme" (Take Your Money Everywhere) concept was originally developed as part of a
Deloitte Consulting project, funded by the telecommunications provider,
MTN Group. It went on to become a stand-alone business in June 2012. In 2015, the
Commonwealth Bank of Australia (CBA) acquired 100% of Tyme, and renamed the business TymeDigital by Commonwealth Bank SA. On 28 September 2017, TymeDigital secured an operating licence from the
South African Reserve Bank (SARB). It was the first full banking licence to be issued by the SARB since 1999. In 2018, financial services company, ARC Imali-Madi (RF), bought a 10% stake in TymeDigital. On 5 November 2018, African Rainbow Capital Financial Services Holdings - owned by South African entrepreneur Patrice Motsepe - obtained approval from the
South African Reserve Bank to acquire CBSA’s 90% majority stake in the business. The name of the business was changed in November 2018 from TymeDigital by CommonwealthBank SA to Tyme Bank Limited. TymeBank, as it was then branded, soft-launched on 5 November 2018, allowing consumers to open a basic transactional bank account at a limited number of kiosks in
Pick n Pay Stores as well as online. In October 2025, it was reported that TymeBank had grown to over 10 million customers, and was valued at
R26 billion. The bank stated that it would be rebranding to GoTyme Bank during the first half of 2026. On 22 January 2026, TymeBank
rebranded to GoTyme Bank, aligning its naming with foreign operations, such as those in its Asian markets, where the company had seen rapid growth in recent years. The registered company name remained as TymeBank Limited. At the time of rebranding, a new
app was released, but customers migrated from one app to the other in phases. All customer data had already been migrated to the new app at the time it was launched, and existing bank accounts remained in operation throughout. Customers could also continue to use their existing physical cards once they transitioned to GoTyme Bank. == Banking in the cloud ==