TymeBank to cash in on ZCC Moria Easter pilgrimage

The Patrice Motsepe-owned TymeBank is banking on the Zion Christian Church (ZCC) Moria Easter weekend pilgrimage to grow its client book.

- By Mpho Sibanyoni

For the first time since the outbreak of the Covid-19 pandemic, hundreds of thousands of ZCC members have travelled to the church's headquarters in Moria, outside Polokwane, for the annual Easter pilgrimage.

And the bank, which entered into a partnership with the ZCC in 2020 with mutual expectations of offering competitive and low-cost banking products to church members, is seeing the high turnout as an opportunity to convert more of the church's members into its clients.

The bank is offering the ZCM (Zion City Moria) card, which works as both the official church membership card and a bank debit card exclusively for ZCC church members.

The ZCM membership card also offers ZCC members best-in-market transactional banking fees and up to 10% in interest on savings balances.

TymeBank chief commercial officer Cheslyn Jacobs told Sunday World in an interview this week that with the church now fully reopened, this year will be the first year that the bank is hosting activations for the Easter period at the church's Moria headquarters, and the bank is anticipating a great uptake of the ZCM TymeBank products and services.

The bank successfully completed the pilot phase of the membership card and to date has nearly 400000 church members as customers.