Funding & Finance

Discovery Bank introduces new features, including a virtual card

Discovery Bank has revealed that it is introducing a couple changes to its digital banking services with the latest release of its mobile application. The changes include virtual cards for online shopping, the ability for clients to get up to 20% off when they spend their Discovery Miles online and in-store through the bank’s partner

Discovery Bank introduces new features, including a virtual card

Discovery Bank introduces new features, including a virtual card

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Discovery Bank has revealed that it is introducing a couple changes to its digital banking services with the latest release of its mobile application. The changes include virtual cards for online shopping, the ability for clients to get up to 20% off when they spend their Discovery Miles online and in-store through the bank’s partner network, and the ability to make payments to their contacts who are Discovery Vitality members through Discovery Pay.

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“Every day is Black Friday with Discovery Miles, the world’s first shared-value rewards currency,” Discovery Bank announced in a statement. “Vitality Money members can now save up to 20% more when they use their Discovery Miles at the Bank’s online partner network or when they use Discovery Miles to buy value-added services such as airtime, data, prepaid water, and electricity.”

It is said that Discovery clients can get up to 5% off for every Vitality programme that they have activated, plus an additional 5% for having a Discovery Bank account and credit card.

These discounts are structured as follows:

Vitality Health: +5% discount

Vitality Drive: +5% discount

Vitality Money: +5% discount

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Vitality Bank Suite: +5% discount

The Discovery Miles partner network includes Takealot.com, Loot.co.za, iStore, Dial a Bed, Coricraft, NetFlorist, Yuppiechef, Zando, Dis-Chem and many more.

Discovery Bank clients can also spend in-store by generating a voucher using their Discovery Bank app. Its new virtual card functionality allows customers to set up multiple virtual cards for online payment within the banking app.

Main Image: Discovery

Reporting for Business Tech Africa on the funding, tools and strategy shaping the continent's founders and SMEs.

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