Business News 6.3.2018 08:53 am

Capitec increases app fees for first time since 2014

Steep increases made elsewhere to change customer behaviour.

Capitec, the country’s second-largest retail bank by number of customers, has increased fees for electronic payments made via its mobile app for the first time since it launched the channel four years ago. This is also the first fee increase for payments made via internet banking since at least 2011. From March 1, fees increased by 6%, from R1.50 to R1.60 per transaction.

Capitec increases app fees for first time since 2014
Capitec increases app fees for first time since 2014

Capitec increases app fees for first time since 2014

Steep increases made elsewhere to change customer behaviour.

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