MicroFinance South Africa
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An association representing microfinance credit providers in South Africa, advocating for fair regulations and practices.
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TymeBank threatens legal action over 6,500% spike in ID verification fees
Bendada.com - Jul 01, 2025
TymeBank plans to sue the Department of Home Affairs over a 6,500% increase in identity verification fees. The cost of identity checks will rise from 15 cents to 10 rands, significantly impacting onboarding costs for low-income customers.
Leon SchreiberCyril RamaphosaTymeBankMicroFinance South AfricaDepartment of Home Affairs
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