South Africa's largest retail bank by customer base, known for its innovative banking solutions.
Capitec Acquires South African Fintech Walletdoc for $23.5 Million
Capitec Bank acquires Walletdoc for R400 million ($23.5 million). The deal includes R300 million in cash upfront and R100 million in performance-based earn-outs.
Capitec VRP lets South Africans make recurring payments directly from bank
Stitch partners with Capitec Bank to automate recurring payments for services. Capitec Pay VRP allows customers to set a maximum spending limit for automated payments.
South African retail bank Capitec restricts customers from sending funds to crypto exchanges
Capitec Bank blocks EFTs and payments to cryptocurrency exchanges. Capitec's decision is aimed at protecting clients from fraud.
