The shift to digital funds continues to speed up. Card funds at tills and on-line have risen by 18% to greater than 2.4-billion transactions, whereas money transaction volumes have elevated by solely 3%. E-commerce transactions, together with these through Capitec Pay, surged by 47% to 488-million. Greater than 1,000,000 shoppers are actually actively utilizing their Capitec playing cards via digital wallets such as Apple Pay, Google Pay, and Samsung Pay.
Capitec has additionally launched a brand new worldwide funds resolution on the app, enabling quick and inexpensive funds to over 50 nations in 13 currencies, for a set price of R175, with funds reflecting inside hours.
In the meantime, new goal credit score options are serving to shoppers fund autos, training, and residential enhancements via greater than 27,000 companion areas. Credit score gross sales to shoppers incomes over R50,000 a month grew 56%, because the financial institution launched personalised in-app presents, secured residence loans, youth bank cards, and repay-as-you-earn loans for aspect hustlers and freelancers.
Insurance coverage information speedy development beneath new licence
Working beneath its personal licence, Capitec Life now manages over 3.3-million lively funeral and life cowl insurance policies, insuring 15-million lives and contributing R1.9bn in internet insurance coverage earnings to the group.
Fourie says: “Since Might 2024, now we have added in extra of 600,000 lively funeral and life cowl insurance policies on our personal licence. This speedy uptake highlights the distinctive enchantment of our simplified, inexpensive insurance coverage merchandise and positions Capitec as probably the fastest-growing life insurer within the nation.”
New enterprise financial institution presents simplified, clear banking for everybody
Capitec continues to simplify monetary companies for entrepreneurs and SMEs, a lot of whom stay underserved by conventional banks. Lively enterprise shoppers elevated to 218,207 (up 15%), foreign exchange transactions grew by 92%, and scored mortgage balances rose by 111% to R1.3bn.
Capitec’s daring service provider commerce technique concerned promoting new good card machines outright relatively than renting them, and offering probably the most aggressive fee charges, which has helped develop the variety of lively buying and selling retailers by 124% to 63,000, with a complete annual turnover of R64bn. This simplified strategy, together with newly diminished and clear pricing, has saved companies R289m in banking charges over the previous 12 months alone.
Fourie says:, “The transactional knowledge of those buying and selling retailers permits us to supply an instantaneous overdraft, or further structured enterprise finance inside days to assist the companies develop, which in flip creates job alternatives that finally assist the economic system develop.”
Making a significant distinction in communities via a deal with training
Capitec’s broader affect additionally consists of important contributions to monetary training and social upliftment.
By way of the Capitec Basis, greater than 21,000 learners, educators, and college leaders benefitted from improved maths training programmes. Moreover, 4,000 worker volunteers partnered with nonprofits to ship 345 initiatives that reached over 27,000 learners.
Capitec’s MoneyUp Academy and WhatsApp studying bot have delivered 1.6-million classes, additional driving monetary literacy throughout the nation.
Driving this development is Capitec’s funding in know-how, knowledge, and safety
Trillions of knowledge factors are used to construct extra modern options, whereas new fraud prevention instruments, together with facial biometric verification and in-app name authentication, have raised the bar on consumer safety.
Igniting development and alternatives for over 24-million South Africans
“Now we have laid stable foundations for long-term development, powered by our scalable know-how and diversified enterprise mannequin. We’ll proceed to spend money on know-how and knowledge to deepen our consumer data and refine our choices, guaranteeing every a part of our ecosystem delivers distinct worth,” says Fourie.
“Key future initiatives contain the continued improvement of our built-in ecosystem, enhancing our cost capabilities, and rising our enterprise banking and insurance coverage companies. We stay obsessed with making a significant distinction and serving to our shoppers and the South African economic system develop.”
Go to the Capitec web site to view shows and studies on its 2025 annual outcomes.
This text was sponsored by Capitec.
