{"url":"https://newsforagent.com/news/2026-10-17/sanlam-gotyme-banking-customers-2030","markdown_url":"https://newsforagent.com/news/2026-10-17/sanlam-gotyme-banking-customers-2030.md","title":"Sanlam Targets 4 Million Banking Customers by 2030","headline":"Sanlam Sets 4 Million Banking Customer Goal With GoTyme App Launch","description":"Sanlam aims for up to 4 million banking customers by 2030, a R10bn loan book and a November app soft launch with GoTyme, spending up to R200m a year.","section":"Expansion","published_at":"2026-10-17T04:27:03+00:00","modified_at":"2026-10-17T04:27:03+00:00","author":"News Desk","key_takeaways":["Sanlam is targeting 2 million to 4 million banking customers by 2030 through its GoTyme partnership.","The group plans a R10bn loan book and a soft launch of its GoTyme banking app in November.","Sanlam expects the banking proposition to break even by 2030, spending as much as R200m annually."],"companies":[{"name":"Sanlam","is_primary":true,"profile_url":null,"website":"https://www.sanlam.com"},{"name":"GoTyme Bank","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0000841/gotyme-bank","website":"https://www.gotyme.com.ph"}],"source":{"publisher":"BusinessLIVE","title":"Sanlam targets 4- million banking customers by 2030","url":"https://www.businessday.co.za/business-times/2026-10-17-sanlam-targets-4-million-banking-customers-by-2030/"},"other_sources":[{"publisher":"Mexico Business News","url":"https://mexicobusiness.news/finance/news/revolut-plans-invest-us250-million-mexico-2027"},{"publisher":"CrowdFund Insider","url":"https://www.crowdfundinsider.com/2026/10/316113-digital-bank-erebor-reportedly-holds-over-7-billion-in-deposits/"},{"publisher":"Stock Titan","url":"https://www.stocktitan.net/news/ALKT/texans-credit-union-grows-active-digital-banking-users-by-42-with-fnp16hgh409v.html"}],"tags":["Expansion","Sanlam","GoTyme Bank"],"body_markdown":"Sanlam is targeting as many as 4-million banking customers by 2030 through its deepening partnership with GoTyme and a R10bn loan book, with a soft launch of its new banking app in November. [BusinessLIVE](https://www.businessday.co.za/business-times/2026-10-17-sanlam-targets-4-million-banking-customers-by-2030/) reported the plan, which sets a target of 2 million to 4 million banking clients by 2030.\n\n## Sanlam's GoTyme App and R10bn Loan Book\n\nThe financial services group, worth R178bn, expects its banking proposition to break even by 2030 and plans to spend as much as R200m annually as it scales the bank. The app, built with [GoTyme Bank](https://akta.pro/company-profiles/0000841/gotyme-bank), will carry credit, savings and group-wide rewards functions, with AI-driven insights anchored in relationship-driven advice. Users will be able to transfer money, pay bills, buy electricity and data, and apply for credit.\n\nSanlam has opted to deepen its relationship with GoTyme rather than seek its own banking licence, making the lender its banking platform. GoTyme aims to be a top-three retail bank in the country across all metrics, including return on equity, in the next five years. The two companies have about 17-million customers between them.\n\nAnton Gildenhuys, CEO of Sanlam Life and Savings, said at a capital markets day this week that the company has a right to win in the banking foray. \"We are at an inflection point. We lead today, but the market has evolved, and we are adapting,\" Gildenhuys said. Sanlam is looking to replicate its Indian venture, Shriram, whose banking app has amassed more than 20-million clients.\n\n## Sanlam's Earlier Partnership and Stake Moves\n\nIn May 2026, Sanlam shifted its focus from active asset management by transferring its South African and UK operations to Ninety One and concentrating on distribution, alternatives and bespoke investment offerings, Moonstone Information Refinery reported. In September 2026, Sanlam wrote down its 60% stake in AfroCentric to nil after Bonitas severed ties, though CEO Paul Hanratty ruled out selling, BusinessLIVE reported.\n\n## How Rivals Are Building Digital Banks\n\nRevolut plans to raise its cumulative Mexico investment to about US$250 million by 2027, having already invested US$167 million, [Mexico Business News](https://mexicobusiness.news/finance/news/revolut-plans-invest-us250-million-mexico-2027) reported on October 12. Erebor Bank, a Columbus-based digital bank, reportedly holds over $7 billion in deposits, [CrowdFund Insider](https://www.crowdfundinsider.com/2026/10/316113-digital-bank-erebor-reportedly-holds-over-7-billion-in-deposits/) reported on October 6. Alkami Technology said Texans Credit Union's in-branch MANTL experience drove over 1,200 applications and nearly $11.5 million in deposits in its first six weeks, [Stock Titan](https://www.stocktitan.net/news/ALKT/texans-credit-union-grows-active-digital-banking-users-by-42-with-fnp16hgh409v.html) reported on October 13.\n\n## Sanlam's November App Soft Launch\n\nSanlam's new banking app from GoTyme is set to soft launch in November, carrying credit, savings and group-wide rewards functionalities.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}