South Africa’s Competition Commission has recommended that the Competition Tribunal approve Capitec’s proposed R400 million acquisition of fintech provider Walletdoc in full, subject to specific behavioural conditions. Capitec, the country’s largest bank by customer base, first announced its intention to acquire the Johannesburg-based company in December 2025. Read: Cape Town approves the Equinix 170MW data…
Capitec has agreed to open its Capitec Pay platform to competing payment service providers, and not to favour it over the banking industry’s shared instant-payments rail, as conditions for regulatory approval of its acquisition of payments fintech Walletdoc. The Competition Commission has recommended that the Competition Tribunal approve the transaction subject to those conditions. The…
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…
