{"id":23050,"date":"2012-09-26T15:09:33","date_gmt":"2012-09-26T13:09:33","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=23050"},"modified":"2012-09-26T15:23:02","modified_gmt":"2012-09-26T13:23:02","slug":"capitec-mobile-banking-hits-2-million-clients","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/23050\/capitec-mobile-banking-hits-2-million-clients\/","title":{"rendered":"Capitec mobile banking hits 2 million clients"},"content":{"rendered":"

South African commercial bank Capitec Bank Holdings<\/a> reported on Wednesday (26 September), that it had signed up more than two million clients to its mobile banking service.<\/p>\n

\u201cCapitec promotes the use of mobile banking, and at the end of August 2012, in excess of 2.0 million clients were registered for this service.<\/p>\n

\u201cThe added convenience of mobile transacting in the form of prepaid vouchers for electricity and cell phone airtime was well supported and led to the doubling of income from electronic vouchers for the six months since February 2012,\u201d it said in its results presentation for the six months ended August 2012.<\/p>\n

Capitec saw its active client base grow consistently during the reporting period to 4.2 million at the end of August 2012. \u201cThis reflects an increase of 31% and equates to more than 90,000 new clients per month on average,\u201d the group said.<\/p>\n

The bank reported a 36.29% rise in diluted headline earnings per share, for the six months ended August 2012, to 691 cents.<\/p>\n

Earnings improved by 43%, to R700 million\u201a and the bank declared an interim dividend of 169 cents per share – up 35% from 2011.<\/p>\n

In July, Capitec told BusinessTech that its next phase of development would target smartphone users.<\/p>\n

\u201cOur next phase of development will be to target the market with smartphones and their additional functionality,\u201d Capitec told BusinessTech. \u201cThis could be done by either an app, or a very functional and user-friendly mobile site \u2013 or both. We will use the option that is the easiest for the normal man or woman on the street.\u201d<\/p>\n

\u201cCapitec Bank sees mobile banking as an access mechanism \u2013 nothing more nothing less. So it\u2019s not packaged as an \u201cextra\u201d product\/service like some banks do and charge extra for,\u201d Capitec said.<\/p>\n

\u201cMobile banking and Internet banking are both included in our single R4,50 monthly fee.\u201d<\/p>\n

Related article<\/strong><\/p>\n

Capitec targets smartphones next<\/strong><\/a><\/p>\n

Capitec banking app: \u201cthe jury is still out\u201d<\/strong><\/a><\/p>\n

Mobile banking changing shape in SA<\/strong><\/a><\/p>\n

We will \u201cleapfrog the competition\u201d through apps highway: Nedbank<\/strong><\/a><\/p>\n

Absa banking app \u2013 last out the door<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Capitec Bank reported on Wednesday that it had signed up more than two million clients to its mobile banking service.<\/p>\n","protected":false},"author":9,"featured_media":7994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1798,26,773],"class_list":["post-23050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-capitec","tag-headline","tag-mobile-banking"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=23050"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23050\/revisions"}],"predecessor-version":[{"id":23072,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23050\/revisions\/23072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7994"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=23050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=23050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=23050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}