Canva partners with EBANX and Capitec Pay to unlock cardless subscriptions for South Africans
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SYDNEY and SINGAPORE and STELLENBOSCH, South Africa, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Canva, the global visual communication platform, has become the first international company to offer recurring subscription payments to South African customers via Capitec Pay, the account-to-account payment method built by South Africa's largest personal bank - Capitec. The milestone is made possible through Canva's ongoing partnership with EBANX , a global technology company specializing in payment services for emerging markets. The announcement represents a shift in how global subscription businesses can reach South African consumers. Credit card penetration in the country ranges between 8% and 10% of the adult population, according to the South African Reserve Bank and the World Bank. This limitation has historically restricted the reach of traditional card-on-file subscription models, excluding 44 million people in South Africa who do not own credit cards. Instead of needing a credit card, Capitec Pay lets clients approve a recurring payment once in the Capitec app. After that, participating businesses can collect future subscription payments automatically. Canva is the first international subscription service to offer recurring payments with Capitec Pay. Capitec is South Africa's largest personal bank by customer base, with 26 million clients and over 16 million app users...
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