We’ve added another payment method 🙂

Now you can send your bicycle across SA and pay for it with another payment method that is FAST & SAFE & ONLINE & CARD-FREE. It doesn’t cost you anything, and for the sake of transparency, this is what we pay for it: Commission of 1.50% and Capitec Pay transaction fee of R1.50 (per transaction).

Make fast, safe & card-free payments with Capitec Pay

What? Capitec Pay is an easy, fast and safe way to check out, pay bills or buy prepaid electricity and water online. Why? You don’t need to enter your bank card details or share your banking login information. Sample below. And more on capitecbank.co.za

In the news

This got quite a bit of attention in the media and herewith are some announcements. See below. And scroll down for FAQ’s.

Secure online payments with Capitec Pay (JSE:CPI)

Are your clients dropping off at checkout? Capitec Pay helps drive revenue by reducing failed payments, which lead to abandoned carts. Our enhanced user payment experience lets our clients make easy, fast and safe online payments with payment providers and their merchants without entering their bank card details or sharing their banking login information, putting them in control. Do you also want to become a Capitec Pay payment provider? Then complete the form on capitecbank.co.za

Peach Payments brings Capitec Pay’s to the mass market (Peach)

Open banking and real-time payment — Capitec Pay is a proprietary immediate-payment initiation API solution that is based on open banking standards and best practices. It allows Capitec banking clients to pay securely online by entering their phone numbers and then authorising the payment in-app. More on peachpayments.com.

Peach Payments rolls out Capitec Pay’s real-time payments (Ventureburn)

Jerome Passmore, Head of Capitec Pay, said: “Shopping online is quick and easy, now checking out is too! Our banking clients can leave their wallets at home and use Capitec Pay to make safe, card-free payments by simply approving their payment on our app. There is no need to enter card details or share bank login details at checkout.” More on ventureburn.com

Payment gateway Peach Payments partners with Capitec (Fintech Global)

Peach Payments co-founder and CEO Rahul Jain added, “Capitec Pay is a sign of our commitment to open banking and real-time payments. “We continue to work with banks to support official integrations which not only deliver a superior real-time experience but also far greater security to bank account holders and users.” More on fintech.global

Peach Payments and Capitec launch Open Banking solution (The Paypers)

Peach Payments’ integration with Capitec Pay should be able to offer better security than traditional Instant EFT solutions, which rely on screen-scraping and require banking users to share sensitive account login information such as usernames and passwords. More on thepaypers.com

Capitec inks API deals with Ozow, Peach (ITweb)

The Capitec Pay system allows customers to identify themselves with their mobile phone number or ID number when making payments – rather than the username and password combination that has been the primary method for users to access their bank accounts. More on itweb.co.za

Peach Payments integrates with Capitec Pay (Retail Brief Africa)

…to bring open banking and real-time payment to the mass market. The number of open banking users worldwide is expected to grow at an average annual rate of nearly 50% between 2020 and 2024. Capitec Pay is a proprietary immediate-payment initiation API solution that is based on open banking standards and best practices. More on retailbriefafrica.co.za

Ventureburn posted about Capitec Pay on LinkedIn

South African fintech company, Peach Payments, has partnered with Capitec Bank to launch Capitec Pay, a new open banking payment method that allows online shoppers to make secure and safe payments directly from their Capitec Bank account. Find it on linkedin.com

Capitec Pay makes paying online safer and easier (Hypertext)

Capitec has launched Capitec Pay powered by Peach Payments. It facilitates payments directly from your bank account without the need to input any sensitive information. Merchants can rest easy knowing payments are also verified and secure in order to reduce the risk of fraud. More on htxt.co.za

WTF?

Find all the frequently asked questions and answers about Capitec pay right here: here-to-help/

PS, Capitec pay is currently available through ozow, PayU, Pay@, PayFast, Flutterwave, PayM8, PayGenius, Peach Payments, Real Pay, Stitch, UtiliPay and WalletDoc, and coming soon to EasyPay, PayJustNow, Interfile and Sticitt Pay.