# South African banking infrastructure and payment trends

> Live situation record from CLSTR: https://clstr.news/situations/south-african-banking-infrastructure-and-payment-trends
> Updated: 2026-09-02T16:48:54.000Z. Sources: 8. Developments: 2.

South African banking trends show a divergence in physical infrastructure and the expansion of digital payment capabilities. While some major banks have reduced their cash machine networks due to the rise of digital banking, Capitec and Standard Bank have expanded their presence. Capitec increased its cash service capacity by adding 900 devices between 2023 and 2025, while Standard Bank saw a modest increase in its network and introduced Dynamic Currency Conversion in Namibia.

In the digital sector, Capitec has expanded its utility for international services. Canva became the first international company to offer subscriptions via Capitec Pay in South Africa through a partnership with EBANX. This account-to-account method allows users to authorize recurring payments via the Capitec banking app, addressing low credit card penetration rates in the country.

## Timeline

### 2026-09-02: Canva launches Capitec Pay subscriptions in South Africa

Canva has launched Capitec Pay subscriptions in South Africa via EBANX, allowing users to bypass low credit card penetration by authorizing recurring payments directly through their banking app.

8 sources. https://clstr.news/cluster/canva-launches-capitec-pay-subscriptions-in-south-africa

### 2026-08-16: Capitec and Standard Bank expand ATM networks amid shifting banking trends

South African banks like Capitec are expanding ATM networks despite a digital shift, while Standard Bank Namibia introduces home-currency conversion for international travelers.

3 sources. https://clstr.news/cluster/capitec-and-standard-bank-expand-atm-networks-amid-shifting-banking-trends

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Cite as: South African banking infrastructure and payment trends. CLSTR, https://clstr.news/situations/south-african-banking-infrastructure-and-payment-trends