Tyme Bank

#Bank Transfer#Card (credit or debit)#Installments

Tyme Bank is a South African online bank that offers a range of banking products and services, including a convenient payment method for customers: TymePay. TymePay is a mobile […]

Certified payment providers 3
Market coverage 1
  • South Africa
Currencies 1
  • South Africa Rand
Description

Tyme Bank is a South African online bank that offers a range of banking products and services, including a convenient payment method for customers: TymePay.

TymePay is a mobile payment solution that allows Tyme Bank customers to make payments without the need for a physical bank card. The TymePay payment method allows customers to transfer money directly from their Tyme Bank account to a mobile phone number or email address, even if the recipient does not have a bank account.

Customers can also use TymePay to pay bills, make in-store payments via a QR code, or make online purchases on participating websites.

Using TymePay is free for Tyme Bank customers, and there are no transaction fees for payments. However, there may be fees if the recipient uses a different payment service to retrieve the funds.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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