Banking group Capitec on Tuesday , reported an 84% increase in headline earnings per share18.1 million, boosted by continued momentum in digital banking.
“Capitec’s digital solutions have been crucial in enabling this growth. In addition, our staff have been instrumental in this adoption and have excelled in this new, hybrid, digital world.” The lender said that clients’ transactional behaviour shifted away from cash towards digital channels, accelerated by the pandemic. Overall, net transaction income increased by 21% to R10.5 billion. Clients quickly adopt contactless card payments and online shopping, it said.
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