Capitec’s virtual card is a digital bank card that is saved on a client’s Capitec banking app. It can be used as a normal physical card for online shipping, with the added advantage that nobody can steal or duplicate it. Capitec said its virtual card is available to all of its clients and can be used to securely make payments and purchase products online.
It can also be set as the default card for scan-to-pay transactions and loaded for payment onto apps such as Netflix, Takealot, and Uber.
For the record I don’t bank with Capitec but I know they have happy clients, seem to charge the best banking rates, have recently started doing home loans too, and an innovative approach to their account linkages. All banks should be issuing virtual debit and credit cards for fraud prevention.
See Capitec launches virtual debit card
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Capitec has rolled out its new virtual banking card, which is available within its new mobile banking application.