Capitec invested R1.4 billion in strategic projects during the 2023 financial year, including its tech drive towards cashless transactions. ITinBanking CapitecBankSA
Capitec funnelled part of its earmarked R1.4 billion investment in strategic projects into bolstering its digital services, as the bank eyes moving its clients to cashless transactions.
The bank invested approximately R1.4 billion in strategic projects during the 2023 financial year. This included building and launching Capitec Business, the formation of an insurance business after being granted a long-term insurance licence, the launch of mobile virtual network operator During the year, it launched integrations with several digital payment solutions, such as Apple Pay, Samsung Pay and Google Pay, with zero transaction fees for local card purchases.
“Capitec Connect is growing well, with over 500 000 active SIM cards, and is disrupting the prepaid market with low-cost data that never expires. We’ve also introduced conversational banking on WhatsApp and Facebook Messenger.” The bank is migrating to Amazon Web Services and building its ability to engage clients across multiple channels “in a seamless way with the services offered by global leaders like Salesforce or LivePerson”.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the 2023 Savanna Comics’ Choice Comedy Awards | The CitizenA comedian, influencer, and drag queen piano player walk into a bar...🍻 Oh wait ✋ it's just the 2023 Savanna Comics’ Choice Comedy Awards! 🎭🏆🤣 Congrats to all the winners. Find out who they are⬇️ SavannaComicsChoiceAwards TheCitizenLifestyle
Read more »
Transnet appoints Deloitte, EY in new co-sourced internal audit strategyTransnet has hired professional services firms Deloitte and EY as it moves away from a fully outsourced internal audit service, saying that 40% of its internal auditing functions will now be carried out in-house Moneyweb InternalAudit NtandoThukwana
Read more »
Takeaways from 2023's history-making CoachellaCoachella's first weekend made history, brought back rock and boasted one of its most international slates ever, all while offering no shortage of its customary barely there fashion.
Read more »
Leading Technology, Flicker Free Display | The CitizenGet ready for the ultimate TV viewing experience with SKYWORTH’s 2023 Global TV Festival! 📺🎉 With their innovative FlickerFreeDisplay technology, you can enjoy breathtaking visuals while protecting your eyes👀 Plus, stand a chance to win big! 🌍🏆
Read more »
What to expect at MTN Bushfire 2023 | City PressIf you're looking for a music festival that celebrates the diversity and creativity of Africa, look no further than MTN Bushfire
Read more »
Big jump in profit for Capitec – which counts one-third of South Africans as customersBig jump in profit for Capitec - which counts one-third of South Africans as customers
Read more »