Discovery Bank CEO, Hylton Kallner. Picture: Supplied.
South Africa
1Min
South Africa
Nov 15, 2025
Discovery Bank has teamed up with Luno to let customers buy, hold, and sell over 50 cryptocurrencies directly through its mobile app. The integration includes real-time tracking, AI-powered alerts, and Vitality Money rewards, making crypto trading accessible and secure for everyday users.
Discovery Bank has become the first bank in South Africa to allow cryptocurrency trading directly from its mobile banking app through a partnership with Luno. Starting December 2025, customers will be able to link their Luno accounts to the Discovery app to buy, hold, and sell more than 50 cryptocurrencies, including Bitcoin and Ethereum.
The move reflects the growing mainstream demand for digital assets, with CEO Hylton Kallner noting that one in ten South Africans already hold crypto. Integrating trading into a trusted banking environment aims to make participation safer and more convenient.
The new system includes AI-powered real-time alerts, warning users of potential risks before transactions are completed. In addition, customers who hold crypto in their Luno wallets will earn Vitality Money Savings points, linking investment activities to financial wellness rewards.
Christo de Wit, Luno’s South African country manager, described the collaboration as a “first-of-its-kind” initiative in Africa, bringing digital assets into a regulated, mainstream financial context. The partnership is fully compliant with South African law, providing users with both accessibility and peace of mind.
