Beyond expectations: Discovery Bank reaches 2 million accounts

It's official. Discovery Bank has reached the milestone of 2 million accounts - after announcing our first million accounts in June 2022. What's most exciting is that the last 100,000 accounts came in just 41 days!

"More than a milestone" - success that speaks to market relevance

While 2 million is a significant milestone, it's much more than that. It's a responsibility to deliver a brilliant banking experience - to every client, on every account, on every transaction - at significant scale.

It also reflects the relevance of Discovery Bank's shared-value model in providing clients with truly innovative banking solutions that not only meet their financial needs, but also reward them in completely unique ways.

Ðiscovery Miles is a great example of this. Discovery Bank clients collectively earned over 7 billion Ðiscovery Miles last year. We're projecting that over 10 billion Ðiscovery Miles will be earned in 2024 - monetising over R1bn in shared value across the Discovery eco-system.

Robust, reliable and truly rewarding - the app that embodies it all!

The Discovery Bank app, which was voted Best Consumer Solution in the MTN Business App of the Year awards 2023, is the digital manifestation of the Bank. It now has more than 10 million logins every month. It's an immense responsibility to ensure that the app operates perfectly and effortlessly for clients, 24/7/365 - but one that we're completely committed to.

Today we're taking the time to recognise our "2 million, in the Bank". It's our absolute commitment to keep innovating and building something special for our clients that sets us apart.

We have another exciting year ahead as we continue to grow across every facet of the Bank - look out for Discovery Bank Home Loans! - and deliver on our promise of the Future of Banking. Now.