The Capitec Masterpass app allowed users to pay on SnapScan and Zapper until recently, however, these brands have since decided to end their agreement with Mastercard, limiting interoperability. The new Capitec app solves this by allowing interoperability across all major payment platforms so you do not need any additional apps for QR payments anymore.
Globally, QR code-based payments have grown exponentially since the start of the Covid-19 pandemic. Before the pandemic, the growth was more fragmented with stronger uptake in certain countries such as China, but in most countries, it was often overshadowed by long-established payment methods, such as paying with debit or credit cards.
The addition of QR code payments, which also works with Capitec’s new virtual card, is one of a range of additions announced recently by Capitec to its new banking app.