[3][4] The Prudential Authority of the South African Reserve Bank (SARB), granted permission for TymeBank to operate exclusively online on 28 September 2017.

[5] The "Tyme" (Take Your Money Everywhere) concept was originally developed as part of a Deloitte Consulting project, funded by the telecommunications provider, MTN Group.

[11] TymeBank soft-launched on 5 November 2018, allowing consumers to open a basic transactional bank account at a limited number of kiosks in Pick n Pay Stores as well as online.

[17] The reduced operating costs and the national presence of the retail stores removes the barriers that have traditionally prevented an estimated 11 million unbanked South Africans from accessing banking services.

[23][24] On 7 August 2019, TymeBank appointed Tauriq Keraan as the new CEO[25] and by 28 November 2019, the bank had signed up one million customers.