Capitec App is made for Capitec customers who can do banking needs through their mobile phone. From sending money to other financial activities like loan, credit card services, merchant payments can be also done through this application.
With instant money transfer, people can easily send money to respective bank account in a lesser time. Capitec helps to create different payee details to make the transfer in a very few steps avoiding entering the bank details everytime during the transfer.
The customer can do bill payments like mobile recharge, utility payments, rent payment, credit card bill payment in a single platform. The QR code payments make easy payments on shops and other merchant outlets.
How to register with Capitec Mobile Banking
- Install Capitec App(Only from Playstore or Appstore)
- Register for your account by providing your bank account details and ID number.
- Set up a remote PIN and biometric login option.
- After verification you account can accessed from your device.
The biometric login is a optional feature and you can use it for faster and easy login to your Capitec account. The Capitec Pay is the section where you can make bill payments. This payments are made through secure payment gateways and you only need to approve the payment to complete the transaction successfully.
Another feature of Capitec App is payments through PayShap. It provides you a unique ShapID where you can share it with others to receive payments in a go. Like this your anyone can share you their ShapID to you to transfer money to them easily.
This Capitec Payshap feature is instant money transfer method and only cost you with R7.50 as monthly charge and other charges here,
- Capitec to Capitec payment – R1
- Payment to other banks – R2
- Debit order – R3
- Immediate payment to any other bank – R6
- Cash withdrawals (per R1000) at any bank ATM in R10
The above fee structure is for individual customers and fee structure will be different for businesses.
How secure is Payments made on Capitec App
The Capitec app provides secure login to their customers where only the customer can access their account information. For every payment, the PIN is required to complete the transaction.
The end to end encryption protocol ensures the safety of customer data from leaking to hackers. Capitec alerts the bank customers when suspicious transactions are detected.
The users are advised not share their sensitive bank details to anyone which includes Credit card details, PIN and OTP with anyone. If you mistakenly made any transaction, you need to contact your bank to reverse money back to your Capitec account. You can call 0860102043 for report scam and other illegal transactions.
Capitec Website – capitec.com
Capitec App for Apple device – AppStore
Capitec App for Android device – Playstore