Bank Zero has expanded its services to offer commercial banking to businesses of any size. The bank’s commercial banking system is designed for the Digital Age and does not rely on legacy systems, resulting in increased efficiency and lower costs. Businesses can set up and manage in-house banking teams, authorize transactions, and make payments within the app. Bank Zero’s commercial banking costs are reportedly around 85% lower than those offered by the big four banks in South Africa. The new offering includes security features such as flagging changed account details and supporting documents for payments authorization. Business debit cards for staff and integrated card machines are also available.
