CLARENCE NETHENGWE | OM Bank aims to redefine what banking means for SA’s middle class (opens original article in a new tab)

OM Bank seeks to transform banking for South Africa's middle class by offering an integrated financial ecosystem, addressing economic challenges and leveraging digital innovation.

• South Africa's middle class faces economic pressures from inflation, high interest rates, and rising debt costs.
• OM Bank aims to create an integrated financial ecosystem for South Africans, combining digital and human support.
• The neobanking market in South Africa is projected to grow significantly, with a CAGR of 43.11% from 2025 to 2033.