Pick n Pay’s extended retail banking solution is available at over 1 400 stores nationwide and one of the most cost-effective in the country

From FNB to Absa, TymeBank to Standard Bank, and now Capitec, Pick n Pay continues to unite South Africa’s leading banks under one roof, giving customers unmatched convenience when managing their money while they shop. With the addition of Capitec cash deposits at Pick n Pay tills, now empowers all banked customers to deposit cash, withdraw funds, and transfer money instantly at the checkout, making Pick n Pay the most accessible banking point in retail.

Already South Africa’s retailer with the most accessible in-store banking footprint, that now spans over 11 financial institutions nationwide, Pick n Pay’s growing network ensures that millions of customers can access secure, affordable, and convenient financial services without making a separate trip to the bank.

Customers can now conveniently take care of their banking at the checkout, with no need for a separate trip or to queue at a bank or automated teller machine (ATM). Deposits are secure and reflect in the customer’s account within minutes. The simplicity of the process requires no app, special onboarding process, or bank account, making Pick n Pay’s cashpoint banking solution one of the most accessible in the country.

“We are proud to offer the most inclusive retail banking solution in South Africa,” says Deven Moodley, Executive Head of Pick n Pay's value-added services, financial services, and mobile division. “By integrating an expanded banking offering into the retail experience, we’re helping customers save time and reduce transport costs, while providing essential financial services that are safe and convenient.”

Pick n Pay’s partnerships simultaneously benefits the customer and banks, as the South African banking landscape is undergoing a transformation. Over the past five years, the number of ATMs operated by four South African banks declined by 8 345. Due to of the high maintenance costs, security, and limited reach of ATMs, banks are turning to strategic partnerships with retailers like Pick n Pay to expand their footprint more cost-effectively.

This shift translates to numerous customer advantages, such as extended service hours, accessible locations, and the ability to bank during their everyday shopping routines. Over and above an improved customer experience, communities benefit from greater financial inclusion and reduced reliance on informal cash systems.

With one of the lowest flat fees for store-to-store money transfers in the country, Pick n Pay has made this affordable banking option available at over 1 400 stores nationwide. To find out how to bank while you shop, visit www.pnp.co.za/money-mobile.

Whatsapp