Capitec Bank Set To Introduce New Changes Soon

During the month of August 2020, South Africa’s largest digital bank, Capitec proved why it keeps leading in this sector, as the bank saw an impressive increase of 7,3 million clients in digital banking.

The national lockdown actually propelled many businesses to adapt to various digital strategies that they wouldn’t have, if the corona pandemic hadn’t affected businesses across the world. Capitec is one of the banks that has jumped onto the wave of capitalising in digital banking.

Capitec’s group executive,Gerrie Fourie, stated the following:

“The lockdown has accelerated South Africa’s shift towards a digital camera economy and consumers are now more than ever looking for client centric digital banking that puts them in control of their finances.”

Capitec customers can expect the next four big changes in a few weeks time:

1. Customers will be able to open accounts or sign a document using facial biometrics, which will be immediately verified by the Department of Home Affairs.

2. Virtual cards form part of the new and improved digital strategy at Capitec.

3. The Capitec group shares, will allow its customers to invest directly through a partnership with Easy Equities.

4. The application of credit will be made easy via simple procedures.

Gerrie Fourie further explained that option 3 remains the bank’s priority as this feature is set to launch in by mid October 2020.