---
title: "Sanlam Gets Approval for GoTyme Transactional Banking Rollout"
description: "Sanlam has regulatory approval to offer transactional banking products via GoTyme. A phased rollout will bring payments and accounts to clients."
canonical_url: "https://liners.com/news/sanlam-gotyme-transactional-banking-approval"
markdown_url: "https://liners.com/news/sanlam-gotyme-transactional-banking-approval.md"
type: "article"
language: "en"
published_at: "2026-09-12T18:28:38.002Z"
updated_at: "2026-09-12T18:28:40.424Z"
---

# Sanlam Gets Approval for GoTyme Transactional Banking Rollout

Sanlam has regulatory approval to offer transactional banking products via GoTyme. A phased rollout will bring payments and accounts to clients.

## Breadcrumbs

- [News](/news)
- [Sanlam Gets Approval for GoTyme Transactional Banking Rollout](/news/sanlam-gotyme-transactional-banking-approval)

## Content

## In Short
Sanlam has received regulatory approval to distribute transactional banking products in South Africa through a partnership with GoTyme.

## What Happened
[Sanlam](/sanlam) has secured regulatory approval to distribute transactional banking products through [GoTyme Bank](/gotyme-bank), with a phased rollout planned.

Transactional banking covers everyday money activity, like holding funds in an account, making payments, and moving money between people and businesses.

Under the setup, GoTyme provides the licensed banking capabilities. That means Sanlam can take its large insurance customer base and offer banking services without becoming a fully licensed bank itself.

The move follows a wider trend of insurers and financial services groups adding banking products to their lineups. In South Africa, this has included similar banking pushes by [Old Mutual](/old-mutual) and [Discovery Limited](/discovery-limited).

## Why It Matters
For Sanlam, transactional banking can increase customer stickiness. If customers use the same provider for insurance and daily banking, they are less likely to switch.

For GoTyme, the partnership expands distribution. Licensed banks compete heavily on customer acquisition, and partnerships can lower that cost by tapping into existing channels and trusted brands.

For the market, it adds pressure on traditional banks and digital banks to improve user experience and pricing. It also signals that more non-bank financial brands may enter banking via partnerships, rather than building a bank from scratch.

The phased approach suggests the companies will test adoption, operations, and compliance before scaling wider. This is often key for banking rollouts, where customer support, fraud controls, and reliability can make or break the product.

## Sources and products

- [Financial Afrik](https://www.financialafrik.com/2026/09/11/apres-old-mutual-et-discovery-sanlam-franchit-le-pas-de-la-banque)
- [GoTyme for Business](/gotyme-for-business)
- [GoTyme Bank](/gotyme-bank)
- [Sanlam](/sanlam)

## Related pages

- [Policy & Regulation](/news)

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