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Discovery Bank has taken a major step forward in digital finance by partnering with crypto exchange Luno to bring crypto trading directly into its mobile banking app. This move positions Discovery Bank as the first major financial institution in South Africa to offer integrated crypto trading to its customers.
Crypto Trading Coming to Discovery Bank App
Starting December 2025, Discovery Bank users will be able to link their bank accounts to Luno and trade popular crypto assets like Bitcoin and Ethereum without leaving the app.
Key Features of the Integration
- Instant, fee-free transfers between Discovery Bank accounts and connected Luno wallets.
- Ability to view crypto balances and transactions in real time, right next to traditional banking and investment accounts.
- Access to 50+ supported cryptocurrencies through Luno.
- Customers will earn Vitality Money Savings points based on the crypto balances in their linked Luno wallets.
Discovery Bank says this integration aims to reduce friction, simplify the user experience, and respond to growing demand for digital asset access among South Africans.
A Major Signal for Crypto Adoption in South Africa
Discovery Bank CEO Hylton Kallner highlighted that crypto has become a mainstream investment choice, noting that around 1 in 10 South Africans already holds crypto assets.
Luno CEO James Lanigan called the partnership a first for Africa—bringing digital asset investing directly into a large banking platform and showing how the crypto market has moved beyond niche usage.
The collaboration also draws on Luno’s global security framework, designed to meet South African regulatory requirements while ensuring high standards of safety for users.
Additional Digital Enhancements from Discovery Bank
Alongside the Luno partnership, Discovery Bank announced upgrades to its broader digital ecosystem, including:
New Trust Alert System
A real-time anti-fraud feature designed to flag unusual or risky transactions based on personal spending patterns.
New Rewards Partnerships
Customers can now earn more Discovery Miles, including up to 50% back on DStv subscriptions, adding more value to everyday spending.
Conclusion
With this step, Discovery Bank becomes a leading example of how traditional finance and digital assets can work together. By offering seamless crypto trading and strengthening its digital services, the bank is positioning itself at the forefront of financial innovation in South Africa.
This article reflects the opinions of the publisher based on available information at the time of writing. It is not intended to provide financial advice, and it does not necessarily represent the views of the news site or its affiliates. Readers are encouraged to conduct further research or consult with a financial advisor before making any investment decisions.
