Articles about Capitec

VIDEO: Banks step up as DHA expands smart ID services

The Department of Home Affairs extends smart ID services through partnerships with banks, with Capitec, Standard Bank and FNB deploying new services at selected branches.

Andrew Baker appointed as Capitec CIO

Andrew Baker, who previously served as chief technology officer, takes the helm from Wim de Bruyn.

AI reshapes South African banks’ investment priorities

FNB, Absa, Standard Bank, Nedbank and Capitec go beyond pilot projects and isolated AI experiments to large-scale deployment across core operations.

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.