{"id":834666,"date":"2025-08-12T11:19:47","date_gmt":"2025-08-12T09:19:47","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=834666"},"modified":"2025-08-13T11:24:06","modified_gmt":"2025-08-13T09:24:06","slug":"the-new-major-bank-taking-over-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/834666\/the-new-major-bank-taking-over-south-africa\/","title":{"rendered":"The new bank taking over South Africa"},"content":{"rendered":"\n

Retail group Pick n Pay has announced that it now offers its bank at till services for all major banks in South Africa, with a ‘branch’ network extending to 1,400 stores.<\/p>\n\n\n\n

The group confirmed that Capitec has now joined other major retail banks in offering services through its retail network, allowing cash deposits.<\/p>\n\n\n\n

“With the addition of Capitec cash deposits at tills, Pick n Pay now empowers all banked customers to deposit cash, withdraw funds, and transfer money instantly at the checkout\u2014making Pick n Pay the most accessible banking point in retail,” the group said.<\/p>\n\n\n\n

While retail point of sale cash withdrawals have been part of the picture for some time, Pick n Pay launched more expansive services like cash deposits in 2020.<\/p>\n\n\n\n

The service launched with 10 banks on board, and four years later, it managed to bring South Africa’s biggest bank, Capitec, into the fold.<\/p>\n\n\n\n

Capitec is the country’s biggest bank by customer numbers, servicing about a third of the country’s entire population.<\/p>\n\n\n\n

Pick ‘n Pay said its banking services now span over 11 financial institutions nationwide and are available at over 1,400 stores in the retailer’s network.<\/p>\n\n\n\n

The compatible banks include:<\/p>\n\n\n\n