Articles about Capitec

VIDEO: Jorge Mendes: It’s not Cell C’s ‘divine right to succeed’

Cell C is determined it will not make the same mistakes as Virgin Mobile and Red Bull Mobile did, says CEO Jorge Mendes.

Capitec to buy fintech start-up Walletdoc for R400m

The purchase consideration comprises a cash payment of R300 million and a deferred earn-out of R100 million.

Capitec Connect powers South Africa with real value and simplicity

Capitec Connect aims so make a meaningful difference by empowering every South African through connection.

Stitch collaborates with Capitec to roll out VRP payments

The payments company adds Capitec’s Variable Recurring Payments to its roster of payment methods, allowing merchants to debit recurring payments.

Local online spending surges on Black Friday

Black Friday retail sales in South Africa for 2025 saw a significant rise, with online spending surpassing 2024 and reflecting a larger average basket size.

SARB takes 50% PayInc stake to drive digital payments

The central bank completes the acquisition of a 50% stake in PayInc, formerly known as BankservAfrica.

Capitec, stub join forces to simplify SME accounting

The bank enables direct integration between the start-up’s digital accounting software and its transactional data API.

Capitec’s AI blocks R200m in scam payments

AI-enabled fraud prevention tools, which protect clients from paying to high-risk account numbers, stopped over 23 000 scam payments.

Home Affairs’ digital drive expands to more banks

Standard Bank is the latest financial institution to make smart IDs and passports available via its app, with Absa in discussions.

Home Affairs taps banking apps to tackle ID theft

The Department of Home Affairs partners with Capitec and FNB to enable smart ID and passport applications via banking apps, to reduce green ID book fraud.

Capitec’s IT spending rises to R3.5bn

The bank’s overall IT expenses, including IT salaries and outsourced resources, for the financial year ended February, increased by 28%.

PayShap prompts SA banks to cut instant payment charges

Local banks have reduced their own charges for instant transfers so that the charges are the same as that of PayShap.