{"id":297184,"date":"2019-02-04T16:32:56","date_gmt":"2019-02-04T14:32:56","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=297184"},"modified":"2019-02-04T16:32:56","modified_gmt":"2019-02-04T14:32:56","slug":"capitec-just-saw-its-largest-customer-uptake-ever-in-january","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/297184\/capitec-just-saw-its-largest-customer-uptake-ever-in-january\/","title":{"rendered":"Capitec just saw its largest customer uptake ever in January"},"content":{"rendered":"<p>Capitec Bank has experienced its highest single-month uptake to date, with over 266,000 new clients joining the bank in January 2019.<\/p>\n<p>The company also announced that more than 4 million people were now using its banking app and the bank now boasts 800 physical branches nationwide.<\/p>\n<p>While Capitec is expected to release its updated financial results in the coming weeks, its <strong><a href=\"https:\/\/www.capitecbank.co.za\/investor-relations\/financial-results\/2019\" target=\"_blank\" rel=\"noopener\">unaudited financial results<\/a><\/strong> for the six months ended 31 August 2018 showed that the bank had around 10.5 million active clients.<\/p>\n<p>The bank could see further\u00a0growth in 2019 on the back of its plans to\u00a0build a business-banking division as it diversifies away from riskier unsecured lending.<\/p>\n<p>In November it <strong><a href=\"https:\/\/businesstech.co.za\/news\/banking\/286426\/capitec-targets-business-banking-as-mercantile-bank-acquisition-approved\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> <\/strong>its acquisition of shares in Mercantile Bank in a move to formally enter the business banking space.<\/p>\n<p>Speaking to <strong><a href=\"https:\/\/businesstech.co.za\/news\/banking\/273565\/capitecs-new-business-bank-offering-and-other-developments-to-look-out-for\/\" target=\"_blank\" rel=\"noopener\">BusinessTech<\/a><\/strong>,\u00a0Capitec CEO Gerrie Fourie\u00a0said that the bank also had a number of developments in the pipeline for 2019.<\/p>\n<p>This will include the further development of its funeral plan offerings and improved credit offerings.<\/p>\n<p>The bank\u00a0has\u00a0also confirmed that it plans to launch\u00a0\u2018tap-and-go\u2019 functionality for Capitec cards sometime in 2019.<\/p>\n<hr \/>\n<p><strong> Read: <a href=\"https:\/\/businesstech.co.za\/news\/banking\/297020\/fnb-launches-new-smart-option-easy-account\/\" target=\"_blank\" rel=\"noopener\">FNB launches new Smart Option Easy account<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capitec Bank had a very good month in January and is looking to expand further in 2019.<\/p>\n","protected":false},"author":10,"featured_media":151076,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1798,26],"class_list":["post-297184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-capitec","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/297184","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=297184"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/297184\/revisions"}],"predecessor-version":[{"id":297220,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/297184\/revisions\/297220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/151076"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=297184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=297184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=297184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}