Discovery Bank making history with Luno and DStv

Discovery Bank has launched integrated crypto trading on its app with Luno, making it the first banking platform in Africa to offer such a service. 

This was unveiled at the bank’s product update for the coming year, with it revealing new and enhanced artificial intelligence (AI) features, integrated motor insurance, and new rewards partners. 

These new rewards partners include MultiChoice, with Discovery Bank clients set to benefit from enhanced Discovery Miles rewards when paying for DStv decoder packages. 

Discovery Bank has maintained an impressive product run rate, consistently expanding its offerings to become a full-service bank. 

The next step for the bank is to become the “composite maker” for Discovery as a whole, with the banking app becoming the main gateway for clients to interact with any product within the company. 

While much of this next step focuses on the bank becoming able to offer existing Discovery products to bank clients, CEO Hylton Kallner said it also involves expanding the banking offering further. 

As part of this, Kallner revealed a new partnership with Luno to expand the range of assets that clients can access on the banking app. 

Through the partnership, the bank will add crypto trading in over 50 crypto assets from December 2025, with Luno being integrated onto the app through a tile. 

“The financial world is evolving fast, and crypto assets have matured to become an accessible, mainstream asset class,” Kallner said.  

“Our clients – and South Africans more generally – are already engaged in this market, with 1 in 10 people holding crypto assets, and our regulation leading in the region and aligning with global norms.”

Client engagement with Luno’s products will be incorporated with Discovery’s Vitality Money Savings points to encourage better financial behaviour. 

“We’re giving our clients the capability to easily invest in crypto assets and trade directly in the Discovery Bank app. We’ll also reward them with Vitality Money Savings points for crypto balances in their secure Luno wallets,” Kallner said. 

Some of the biggest news is that Discovery Bank will offer the integration of other Discovery products into the banking app. 

This is the first step on the path to making the bank the single app through which Discovery clients engage with the company’s products. 

It will first begin with the integration of motor insurance through Discovery Insure, with clients able to get a quote and activate car insurance without leaving the banking app. 

Kallner described this as offering insurance coverage at the speed of banking, with the onboarding process designed to be as quick as performing a standard banking transaction. 

This is the first time Discovery has moved beyond clients being able to see their full suite of products to be able to engage with these products on the banking app. 

Kallner also revealed new lifestyle and entertainment rewards, with the bank adding DStv to its network. 

From the second quarter of 2026, Discovery Bank clients can earn up to 25% back in Ðiscovery Miles on DStv decoder packages, and up to 50% back in Ðiscovery Miles on streaming packages. 

The bank is also offering clients up to 25% back in Ðiscovery Miles when they pay their MultiChoice debit orders from a Discovery Bank account from December 2025.

Discovery Bank also unveiled a new partnership with ticketless parking app admyt to refund the cost of parking for its clients. 

When clients make an in-store purchase of R250 or more with a Discovery Bank card between December 2025 and January 2026, and park using the admyt app, the parking costs will be refunded in Ðiscovery Miles.