Discovery Bank is currently transforming its banking app into what the company calls a “super bank” that will become the single touchpoint for all of a client’s Discovery products.
These products, ranging from life insurance to investment products, will be offered through the banking app, creating a single platform for Discovery’s South African clients to engage with the company’s offerings.
This is the second phase of the bank’s strategy, which it completed by posting its first profit in Discovery’s recently released interim results for the six months ended 31 December 2025.
Discovery Bank CEO Hylton Kallner told Daily Investor that he expects the “super bank” to be fully operational before the end of 2026, with Discovery’s products already integrated into the banking app.
“The terminology that we use is a ‘super bank’, which is a combination of a super app by offering more than just banking, but also is a platform for managing all of your financial services,” Kallner explained.
“It is really kind of a state-of-the-art super app combined with a state-of-the-art digital bank. That gives you super bank capability.”
Discovery Bank is already quite far down the road towards creating the super bank, with it steadily integrating plugins from its partners, such as EasyEquities and Luno, and incorporating Discovery products.
Discovery CEO Adrian Gore explained that it is natural for the banking app to become the single interface for clients in South Africa, due to it having the payment rails, security, and shared-value architecture.
The first phase of building a bank that is scalable and profitable has been completed, with it now becoming the composite maker for the Discovery Group by bringing clients into the ecosystem.
Daily Investor
