Capitec announced that it has entered into a binding agreement to acquire 100 of Walletdoc Holdings Proprietary Limited "Walletdoc Holdings", subject to regulatory approvals. This acquisition marks a significant milestone in Capitec's strategy to offer leading secure payment acceptance to Capitec Business clients and simpler, more affordable e-commerce solutions to Capitec Personal Banking clients.
Walletdoc, established in 2015, is a South African fintech providing scalable, innovative payment gateway solutions for merchants, including online and in-app payments, digital wallets, Instant EFT, payment links, and real-time payouts. Walletdoc's culture of innovation, efficiency, and client focus is closely aligned with Capitec's core values.
"Capitec believes in the power of innovative technology to deliver smart, seamless payment solutions that benefit both merchants and clients. We are committed to making financial services more accessible and affordable for all South Africans, and we see this acquisition as an important step in building a more inclusive and competitive payments ecosystem."
