Canva partners with EBANX and Capitec Pay to unlock cardless subscriptions for South Africans

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Capitec’s Cardless Subscription Win with Canva

Canva’s move to offer subscription payments via Capitec Pay opens digital services to millions of South Africans without credit cards.

South Africa’s financial landscape is slowly bending to local realities, and Capitec just pulled a clever move. Partnering with Canva to enable recurring payments through Capitec Pay, a cardless, account-to-account system, solves a real problem. Only about 8-10% of adults in South Africa own credit cards, leaving a huge chunk unable to access subscription-based international services. This partnership unlocks a new consumer base—over 26 million Capitec clients can now easily tap into Canva’s global design platform. It’s more than just convenience; it’s financial inclusion meeting digital growth. This could boost Capitec’s reputation as a fintech leader and help it stand out from traditional banks stuck with older payment models. But if EM currency volatility spikes or regulatory hurdles increase, the scale-up might slow. The USD/ZAR rate will be a key barometer, especially if dollar strength starts squeezing local consumption. this is just our opinion and not financial advice