# Old Mutual Bank

> Source: https://docs.barcoder.ai/docs/wallets/old-mutual
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Old Mutual Bank — official](https://www.oldmutual.co.za/banking/)

## Key details

- **Parent:** assets

## Overview

**Old Mutual Bank** is **Old Mutual Limited JSE: OMU South African insurance + asset management group banking subsidiary** + **one of South Africa's largest financial services groups by assets** + **Old Mutual Bank Old Mutual Bank App launched Sep 14 2024 as Old Mutual's South African digital bank** <sup>[1][1], [South Africa report](https://docs.barcoder.ai/docs/payments/ZA)</sup>.

## History

**1845 — Old Mutual founded as Mutual Life Assurance Society of the Cape of Good Hope in Cape Town** distinctive South African insurance heritage.

**Sep 14 2024 — Old Mutual Bank launched as Old Mutual's South African digital bank + retail commercial bank**.

## Ownership & operator

**Operating entity**: **Old Mutual Bank** (Old Mutual Limited South African insurance + asset management group banking subsidiary).

**Major shareholders**: **Old Mutual Limited (JSE: OMU; South African insurance + asset management group; Government Employees Pension Fund South Africa + Public Investment Corporation + South African retail + institutional + foreign investors free float)**.

**Regulators**: **SARB South African Reserve Bank + Prudential Authority**.

## Technical integration

Old Mutual Bank App mobile (iOS + Android) + oldmutual.co.za/banking online + Old Mutual Bank Visa + Mastercard cards; ZA IBAN + ZA PayShap (South African P2P + retail real-time payment scheme) + ZA EFT.

## Implementations & partners

**Old Mutual parent**: Old Mutual Limited (Old Mutual Limited; JSE: OMU; South African insurance + asset management group; Old Mutual Insurance + Old Mutual Investment Group + Old Mutual Wealth + Old Mutual Bank parent).

**Major South African banking + payments competitors**: [Standard Bank](https://docs.barcoder.ai/docs/wallets/standard-bank) (Standard Bank South Africa; JSE: SBK; Africa's largest banking group by assets) + [FNB Banking App (First National Bank)](https://docs.barcoder.ai/docs/wallets/fnb-app) (FNB South Africa; FirstRand Group; South Africa's largest banking group + 12M+ customers + eWallet pioneer) + [Absa Bank](https://docs.barcoder.ai/docs/wallets/absa) (Absa Group South Africa; JSE: ABG; South Africa's #3 commercial bank by assets) + [Capitec Bank](https://docs.barcoder.ai/docs/wallets/capitec) (Capitec Bank; JSE: CPI; South Africa's largest commercial bank by customers) + [Nedbank (Nedbank Money app)](https://docs.barcoder.ai/docs/wallets/nedbank) (Nedbank Group; JSE: NED; South African commercial bank; Old Mutual ~6%+ minority shareholder) + [Discovery Bank](https://docs.barcoder.ai/docs/wallets/discovery-bank) (Discovery Bank; Discovery Limited Group; South African digital + behavioural bank) + [Investec Bank](https://docs.barcoder.ai/docs/wallets/investec) (Investec Bank; JSE: INL + LSE: INVP; South African + UK private wealth management + specialist commercial bank) + [TymeBank](https://docs.barcoder.ai/docs/wallets/tymebank) (TymeBank South African digital bank; ~10M+ South African TymeBank customers) + [African Bank](https://docs.barcoder.ai/docs/wallets/african-bank) (African Bank; SA commercial bank) + [Bidvest Bank](https://docs.barcoder.ai/docs/wallets/bidvest-bank) (Bidvest Bank; Bidvest Group; South African commercial bank + foreign exchange specialist) + [MTN Mobile Money](https://docs.barcoder.ai/docs/standards/mtn-mobile-money) (MTN MoMo South African mobile money).

**Regulators**: SARB South African Reserve Bank + Prudential Authority.

## Status

**Active, Old Mutual Limited JSE:OMU South African insurance + asset management group banking subsidiary + one of South Africa's largest financial services groups by assets + Old Mutual Bank App launched Sep 14 2024 as Old Mutual's South African digital bank** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.oldmutual.co.za/banking/ "Old Mutual Bank — official"
[2]: https://en.wikipedia.org/wiki/Old_Mutual "Old Mutual — Wikipedia"
[za-cro]: https://docs.barcoder.ai/docs/payments/ZA

- [1] [Old Mutual Bank — official][1]
- [2] [Old Mutual — Wikipedia][2]
- <sup>[South Africa report](https://docs.barcoder.ai/docs/payments/ZA)</sup> In-corpus: `reports/countries/ZA-south-africa.md`

## Source

Biography extracted from [old-mutual.md](https://docs.barcoder.ai/source/wallets/old-mutual). See `matrix.md` for standards-support matrix if present.