{"id":1664,"date":"2025-12-08T13:22:10","date_gmt":"2025-12-08T13:22:10","guid":{"rendered":"https:\/\/microvibenews.com\/?p=1664"},"modified":"2025-12-08T13:22:10","modified_gmt":"2025-12-08T13:22:10","slug":"capitec-buys-walletdoc-in-r400m-deal-to-boost-digital-payments","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=1664","title":{"rendered":"Capitec buys Walletdoc in R400m deal to boost digital payments"},"content":{"rendered":"

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Capitec Bank Holdings Limited has entered into a binding agreement to acquire 100% of Walletdoc Holdings Proprietary Limited, a South African fintech specialising in payment gateway solutions.<\/p>\n

The acquisition, announced on 8 December 2025, is valued at up to R400 million and is subject to regulatory approval.<\/p>\n

Read the sens here.<\/p>\n

Capitec noted that the acquisition is a strategic step in its ongoing commitment to lower the cost of payments, broaden access to digital financial services, and promote financial inclusion in South Africa.<\/p>\n

Listen: How Capitec is helping new and growing businesses succeed<\/p>\n

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The deal is seen as an important step in building a more inclusive and competitive payments ecosystem.<\/p>\n

Deal structure and Walletdoc\u2019s offering<\/strong><\/p>\n

The R400 million purchase consideration is structured in two parts:<\/p>\n

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  • An immediate cash payment of R300 million (subject to customary adjustments); and<\/li>\n
  • \u00a0A deferred earn-out of R100 million, payable in cash over three years, linked to the Capitec share price and contingent on achieving certain milestones over that period.<\/li>\n<\/ul>\n

    Walletdoc, which was established in 2015, provides scalable, innovative payment gateway solutions for merchants.<\/p>\n

    These services include online and in-app payments, digital wallets, instant EFT, payment links, and real-time payouts. Capitec noted that Walletdoc\u2019s culture of innovation, efficiency, and client focus is closely aligned with its core values.<\/p>\n

    Read:
    Capitec\u2019s offshore business Avafin is delivering
    South African fintech is cooking [Feb 2018]<\/p>\n

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    Vision for seamless payments<\/strong><\/p>\n

    Capitec emphasised its belief in using innovative technology to deliver smart, seamless payment solutions that benefit both merchants and consumers.<\/p>\n

    This acquisition joins a list of high-profile moves by Capitec, including the 2019 acquisition of Mercantile Bank (now Capitec Business Banking).<\/p>\n

    Capitec share price<\/strong><\/p>\n

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