Canva has launched recurring subscription payments in South Africa through Capitec Pay, an account-to-account payment method, in partnership with EBANX. This milestone addresses a significant market gap, as only 8-10% of South African adults own credit cards, excluding 44 million people from traditional subscription services. The integration makes Canva the first international company to offer this payment option on Capitec's platform, which serves 26 million clients.
Axe note: Canva’s move to offer subscription payments via Capitec Pay opens digital services to millions of South Africans without credit cards.