Discovery Bank has announced a groundbreaking partnership with Luno, making it the first banking platform in Africa to offer integrated cryptocurrency trading directly within its banking app. This innovation was revealed during the bank’s annual product update, alongside a suite of new features designed to enhance customer experience and expand Discovery’s digital ecosystem.
Starting December 2025, Discovery Bank clients will be able to trade over 50 cryptocurrencies seamlessly through the banking app, thanks to Luno’s integration via a dedicated tile. This move reflects the growing demand for digital assets in South Africa, where 1 in 10 people already hold crypto, according to CEO Hylton Kallner.
Kallner explained:
The financial world is evolving fast, and crypto assets have matured into an accessible, mainstream asset class. Our clients—and South Africans more broadly—are engaged in this market, and our regulation aligns with global norms.
To encourage responsible financial behavior, crypto balances in secure Luno wallets will earn Vitality Money Savings points, integrating crypto engagement with Discovery’s wellness-based rewards model.
The bank’s next strategic step is to become the central gateway for all Discovery products, transforming the app into a composite platform for banking, insurance, and lifestyle services.
The first phase of this integration will roll out in early 2026, starting with Discovery Insure motor insurance. Clients will be able to get quotes and activate car insurance instantly within the banking app, offering “insurance coverage at the speed of banking,” according to Kallner.
Discovery Bank also announced new rewards partners, including MultiChoice, enabling clients to earn:
- Up to 25% back in Discovery Miles on DStv decoder packages
- Up to 50% back on streaming subscriptions
- 25% back when paying MultiChoice debit orders from a Discovery Bank account (from December 2025)
Additionally, a partnership with admyt, a ticketless parking app, will refund parking costs in Discovery Miles for clients who make in-store purchases of R250 or more between December 2025 and January 2026.
Since its launch, Discovery Bank has consistently expanded its offerings, positioning itself as a full-service digital bank. With integrated crypto trading, insurance onboarding, and lifestyle rewards, the bank is moving toward becoming Discovery’s single digital hub, delivering convenience, innovation, and value to its clients.
