Capitec group CEO Graham Lee. Capitec has entered into a binding agreement to acquire 100% of fintech start-up Walletdoc, subject to regulatory approvals. In a statement, the bank says the acquisition marks a significant milestone in its strategy to offer secure payment acceptance to Capitec Business clients and e-commerce solutions to Capitec Personal Banking clients….
Capitec’s head office in Stellenbosch. Image: Capitec Capitec is moving deeper into South Africa’s fast-growing payments ecosystem with a R400-million acquisition of fintech player Walletdoc, a move that signals the Stellenbosch-based bank’s intention to broaden its reach in digital commerce and lower the cost of transacting. The bank said on Monday that it has signed…
Capitec Bank has entered into a binding agreement to acquire 100% of Walletdoc Holdings Proprietary Limited, subject to regulatory approvals. The move forms part of Capitec’s strategy to enhance its digital payments ecosystem for both Business and Personal Banking clients. Founded in 2015, Walletdoc is a South African fintech providing scalable payment gateway solutions for…
Francois Viviers, Capitec group executive of marketing and communications. Capitec Bank has seen rapid growth in mobile banking adoption, with more than half of its 25 million clients now actively using the Capitec app every month. Speaking in an interview with ITWeb on the side-lines of the Capitec Innovation Exchange event yesterday, Francois Viviers, Capitec…
Blu Label Unlimited Group’s 2025 annual report, published on Wednesday, again confirmed what has been talked in the market for months: Cell C is likely to soon find its way onto the JSE. The surprise is that the bigger story here may not be Cell C’s listing but what the move would mean for Blu…
Blu Label Unlimited Group’s 2025 annual report, published on Wednesday, again confirmed what has been talked in the market for months: Cell C is likely to soon find its way onto the JSE. The surprise is that the bigger story here may not be Cell C’s listing but what the move would mean for Blu…
Newly appointed Capitec CEO Graham Lee. Image: Capitec The newly appointed CEO of South Africa’s biggest bank by customers has a unique problem on his hands. Since Capitec Bank — South Africa’s first-ever challenger bank — made its public debut 23 years ago, its shares have soared by more than 200 000%. That’s made it the…
Capitec Bank has voiced its support for Leon Schreiber’s efforts to modernise South Africa’s population registration database after TymeBank on Tuesday excoriated the home affairs minister’s decision to impose big price increases for online identity verification. “Capitec supports the department of home affairs’ initiative to upgrade the National Population Register and enhance the stability and…
Capitec Connect is aiming for tighter integration with Cell C to enhance service delivery and grow its mobile customer base. Capitec Connect, the burgeoning mobile virtual network operator (MVNO) launched by South African bank Capitec, is pursuing tighter integration with Cell C, the mobile network on which it piggybacks. So said Dr Dalene Steyn, head…
