... Wise Platform, Wise's global payments infrastructure for banks and enterprises, today announces a partnership with Capitec, South Africa's largest bank by customer base, to power its international payments offering. Serving over 25 million customers - more than half of South Africa's adult population - Capitec has transformed banking in South Africa through a focus on simplicity, transparency, and affordability. Through ...

... Capitec is hoping to attract the entrepreneurs and small businesses operating in South Africa's informal economy, which has an estimated value of R1 trillion. According to Capitec CEO Graham Lee, targeting this market is not as complicated as many may think, as informal businesses often share many of the same needs as those in the formal market. In addition, Capitec ...

... necessary. The CEO said that the previous fee was too low and created opportunities for abuse. Home Affairs argued that the lower fee overwhelmed its systems, resulting in well-known downtime issues. The largest banking network in South Africa Capitec Group CEO Graham Lee Capitec's expansion of Smart ID and passport services is made easier by its expansive branch network that ...

... JOHANNESBURG, April 22 (Reuters) - South African lender Capitec Bank reported on Wednesday a 23% rise in full-year profit as interest income rose by double digits as its customers borrowed more money. Capitec, with more than 26 million active clients, said its headline earnings, a key profit measure in South Africa, rose to 16.8 billion rand ($1.02 billion) in the ...

... Capitec customers are benefiting from a larger network of branches across South Africa in 2026. While its ATM numbers have declined slightly, it still has substantially more of these devices than other banks. The bank's annual results for the financial year ended 28 February 2026 revealed Capitec increased its branches to 885. Both its ATM and branch networks are set ...

... million and now represent 39% of its active client base, up from 37%. The group added that its client-first approach is grounded in simplicity and accessibility, which could be seen in Capitec starting to offer Smart ID services at its bank branches. Despite having the largest branch network in South Africa, Capitec shunned the initial pilot that allowed Home Affairs ...

... providers are increasingly looking beyond traditional data and airtime offerings to attract and retain customers. Connectivity remains a broader issue The launch also comes amid ongoing debates around connectivity costs and affordability in South Africa. For many consumers, mobile devices increasingly serve as the primary gateway for banking services, job searches, education platforms and business activity. Capitec said users who ...

... into the wilderness, where you also get really authentic feedback. And honestly, it was very positive. I think Capitec Business is on a good wicket here. Well done on getting a partnership in place with them. They are obviously one of South Africa's best examples of a disruptor, that is for sure. How does that partnership actually work between stub ...

... Capitec Connect, South Africa's largest MVNO, has reached 1.5 million active users and is now offering free voice calls between Connect SIMs - an industry first, and the latest move towards lowering the real cost of staying connected. For most South Africans, connectivity is not a given. Prepaid users have long paid more per megabyte than contract clients, on data ...

... Capitec's 2026 annual report shared good news for investors and clients, with an excellent financial performance and initiatives that benefited customers. Capitec increased its active clients to 26 million, making it the largest bank by customers in South Africa. Its headline earnings grew by 23% to R16.8 billion. "That is several years of compounding momentum, a trajectory very few can ...

... Trust, and Momentum in 1966 in Johannesburg. So, although the new holding company, now known as Momentum Group Limited, was founded in 2010, it is not a new company. The data showed that, using the criteria listed above, South Africa has produced only two companies on the JSE's most valuable list since 1994: OUTsurance and Capitec. OUTsurance was co-founded by ...

... will feel like you're getting a reward - exactly like a credit card," he said. Levy was referring to the rewards programmes offered by many of South Africa's top banks, such as Absa Rewards, Capitec Live Better, Discovery Miles, FNB eBucks, Nedbank Greenbacks, and Standard Bank uCount. "Why doesn't the cash world have that? The cash world should have, that ...

... C's largest MVNO partners include FNB Connect, Capitec Connect, and the more recently launched Old Mutual Connect. "We are now starting to see the growth of the MVNO space in South Africa, with Cell C playing a major role in the wider picture," Munsie said. "It is worth reiterating, though, that in terms of look-through exposure in the Allan Gray ...

... Africa's mobile sector. South Africa's largest mobile operators have experienced pressure in their prepaid efforts in recent years as consumers came under strain in the economic downturn. They have also had to deal with increased competition from Telkom, the country's fastest-growing mobile business, as well non-telecom players like Capitec and FNB. In the past, cellphone providers could rely on postpaid ...

... include BAT, AB Inbev, Richemont, Prosus, and Naspers. The next ten are even more diversified, with the financial giants dominating. They include Standard Bank, Capitec, Firstrand, MTN, Vodacom, Absa, and Sanlam. The authors of the report pointed to South Africa as an example of optimism, providing better returns than pessimism. The country faced numerous hardships, including wars, the great depression, ...

... Investec Specialist Bank CIO Graeme Lockley South Africa's banks are placing strikingly different bets on artificial intelligence. Investec is resisting the AI-first turn that competitors such as Discovery and Capitec are embracing - and the divergence maps closely onto each bank's client base and how it competes. Investec CIO Graeme Lockley told TechCentral the specialist private bank has no intention ...

... providers are increasingly looking beyond traditional data and airtime offerings to attract and retain customers. Connectivity remains a broader issue The launch also comes amid ongoing debates around connectivity costs and affordability in South Africa. For many consumers, mobile devices increasingly serve as the primary gateway for banking services, job searches, education platforms and business activity. Capitec said users who ...

... in South Africa. She also highlighted the increasing demand from merchants for more flexible, unified payment systems as another key driver. "Within pay-by-bank specifically, we've seen strong momentum behind bank-led API payment methods such as Capitec Pay, Absa Pay, and Nedbank Direct EFT," Cowan said. "Consumers are increasingly looking for payment options that are fast, secure, and deeply integrated into ...

... into the wilderness, where you also get really authentic feedback. And honestly, it was very positive. I think Capitec Business is on a good wicket here. Well done on getting a partnership in place with them. They are obviously one of South Africa's best examples of a disruptor, that is for sure. How does that partnership actually work between stub ...

... assets valued at more than R7-trillion. Investec holds 7% of the assets while Capitec holds 3%. The new Basa role comes shortly after Fihla was appointed to the board of Business Leadership South Africa (BLSA), underscoring the high esteem in which he is held in the business community. BLSA is chaired by Discovery founder and mainstay CEO Adrian Gore. Fihla ...