South Africa’s First App-Only Bank, ‘Bank Zero’ Announces Partnership With Pargo
South Africa’s First App-Only Bank, ‘Bank Zero’ Announces Partnership With Pargo. It has been announced that South Africa’s first app-only bank, Bank Zero has partnered with delivery services startup Pargo. Bank Zero has teamed up with industry disruptor Pargo in order to assist with its bank card deliveries.
Pargo is the leading click-and-collect and returns solution for online and omni-channel businesses. Pargo has an established a network of more than 3 000 Pargo Pickup Points nationwide, including all Clicks stores. Pargo’s Pickup Points allow customers to choose where they want to receive their order. Once the parcel arrives at the pickup point, the customer will receive a notification to inform them that their package is available for collection.
Bank Zero, South Africa’s first app-only bank, finally launched to the public in August after a three year delay. “The Bank Zero experience is fully digital, except for one step – the physical delivery of the Bank Zero card. Pargo offered a great solution to bridge this gap. As an app-only bank, the processes of joining as well as re-ordering further cards are done from within the Bank Zero app. Customers can then collect their card at a Pargo Pickup Point of their choice. We are excited about our partnership with fellow digital first company, Pargo.” Bank Zero said in a statement.
Partnerships between startups like this are needed in order for the startup ecosystem in South Africa to grow. Pargo is a leader in its industry and Bank Zero will benefit a lot from it as it has been operating for longer and will therefore have more experienced its field. Pargo will also learn a lot from Bank Zero as it is an innovative startup that seeks to disrupt the banking industry.
Through this partnership both startups can maintain and get new clients as they will be providing quality services that will make their customer base very loyal and therefore strengthen their partnership even further.
