Competition in the retail banking sector is heating up with several new banks entering this space, including ex-FNB CEO Michael
Called “nav» Wellness”, it is a free service, only available on its app, which allows customers to set and track their wellness goals after completing a questionnaire. It also offers discounts for gym, healthy food and even DNA testing. However, you don’t need to achieve the goals to qualify for the discounts.
Bromfield says they did extensive market research and realised that the existing FNB client bases spend R30-billion a year on health-related activities and products, which is a “major outflow from our eco-system”. At the end of the day, Bromfield says, it comes down to getting our customers to manage their money better.
The two listed entities now provide a single entry-point platform for their clients where they can access all their respective service and product lines, and in the process learn healthy money habits.
Said Gore: “Engaged Discovery clients are not only healthier, but also better with their finances, with over 70% of the bank customer base on Bronze status or above.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
DURITZ79 Well banks already sell, airtime, electricity and insurance, next maybe healthcare and who knows, bread, milk and chips
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Doubts over Deutsche Bank turnaround plan shake sharesDeutsche Bank shares extended losses on Tuesday on investor doubts that its chief executive can revive the lender by shrinking the investment bank and returning to its roots as banker to corporate Germany.
Source: dailymaverick - 🏆 3. / 84 Read more »
Newsdeck: Jay-Z goes into the marijuana businessLOS ANGELES, July 9 (Reuters) - Billionaire rapper Jay-Z is entering the fast-growing cannabis industry, taking a role with California company Caliva as a strategist.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: PIC Inquiry: Dan Matjila – The funding middleman between the ANC and PIC beneficiariesThe former Public Investment Corporation CEO says he was asked in 2016 by the ANC’s then-treasurer general Zweli Mkhize to release funding from the PIC to support the party’s January 8 celebrations. Matjila referred Mkhize to prominent business figures who had received funding from the PIC. From junior staff to president Anc with corruption
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Taxman may get a R7bn boost from Naspers’s Prosus listingThe listing of Naspers offshoot Prosus is a big deal. A very big deal. Naspers is now as valuable as AngloAmerican, MTN, Shoprite, Sasol, Woolworths and Goldfields put together. And because it’s so big, the tax implications are big too. For one thing, government stands to make R7-billion or so from capital gains tax alone on the deal. The tax implications for shareholders will be huge too. So what to do?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Walmart Got a $10 Billion Surprise After Buying FlipkartWhen Walmart Inc. paid $16 billion for control of India’s e-commerce pioneer Flipkart Online Services Pvt. last year, the American retail giant got a little-noticed digital payments subsidiary as part of the deal. Now the business is emerging as one of the country’s top startups, a surprise benefit for Walmart from its largest-ever acquisition.
Source: dailymaverick - 🏆 3. / 84 Read more »