--- title: Capitec Bank Makes Sending Cash to Friends and Family Even Easier description: A new product from Capitec bank is a real win for financial inclusion. Electrum is proud to partner with Capitec in offering this kind of innovation. image: https://blog.electrum.co.za/hubfs/Imported_Blog_Media/6257bc13e3cd454a0587b536_send-cash-header-1-Nov-21-2023-06-48-40-3472-AM.jpeg --- [![Electrum](https://blog.electrum.co.za/hs-fs/hubfs/raw_assets/public/Electrum_October2023/images/header-logo.png?width=500&height=150&name=header-logo.png "Electrum")](https://www.electrum.co.za/) ![Back Button](https://blog.electrum.co.za/hubfs/raw_assets/public/Electrum_October2023/images/back.svg) Back ![Close Hamburger](https://blog.electrum.co.za/hubfs/raw_assets/public/Electrum_October2023/images/close.svg) - [Home](https://www.electrum.co.za/) - Schemes - Schemes - Clearing House Payments - [PayShap](https://www.electrum.co.za/schemes/payshap) - [Real-Time Clearing](https://www.electrum.co.za/schemes/real-time-clearing) - [EFT Debit & Credit](https://www.electrum.co.za/schemes/electronic-funds-transfer) - [Account Verification Services](https://www.electrum.co.za/schemes/account-verification-services) - 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Capitec Bank is committed to ensuring that its banking processes enable its clients to live better. In the bank's efforts to empower clients, it has recently launched a nifty new product allowing clients to send cash to friends and family instantaneously. > ...collecting cash is free for the recipient... Capitec clients can now use the Capitec app or mobile banking to make fast, convenient and secure transactions, with additional features to view their send cash transaction history and status thereof. The transaction limits to send cash are as follows: - Up to R3,000 per transaction - A total daily limit of R5,000 - A total monthly limit of R24,999 While a set fee of R8.50 per transaction is charged to the sender, collecting cash is free for the recipient and can be done immediately. The recipient simply needs to present their South African ID, along with a reference number and 4-digit secret code provided by the sender. > ...Electrum is the fastest growing banking technology company in South Africa... Wim de Bruyn, Executive of Information Technology at Capitec Bank, says, “We selected Electrum as a technology provider based on their payments software expertise, and their exceptional track record.” Electrum is the fastest growing banking technology company in South Africa, and we’re proud to be a long-term technology provider to Capitec, South Africa’s favourite bank. ![Electrum Software](https://blog.electrum.co.za/hubfs/favicon.png) Electrum Software Electrum is the next-generation payments software company, powering payments for banks and retailers. Since 2012, we have established ourselves as a respected software partner through our deep expertise and track record in delivering trusted cloud-native payments solutions. [More posts by  Electrum Software](https://blog.electrum.co.za/author/electrum-software) Recent Blog Posts ![Capitec’s High-Volume Immediate Payments rely on Electrum](https://blog.electrum.co.za/hubfs/Imported_Blog_Media/6257bbf37e45da7e65bc36cd_thumbnail-4-Nov-21-2023-06-46-36-7484-AM.jpeg) ### Capitec’s High-Volume Immediate Payments rely on Electrum ![Electrum Upgrades Capitec’s Cellphone Banking Service](https://blog.electrum.co.za/hubfs/Imported_Blog_Media/6257bbc45e6962d8005f465e_4160163_thumb-Nov-21-2023-06-48-51-2770-AM.jpeg) ### Electrum Upgrades Capitec’s Cellphone Banking Service ![What South Africa Can Learn From Open Banking in the UK](https://blog.electrum.co.za/hubfs/Imported_Blog_Media/6257bce14550f86089aed87a_Open-Banking-4.png) ### What South Africa Can Learn From Open Banking in the UK # Electrum Newsletter Quarterly insights and news to help you keep up with the latest changes in the payments landscape [![Electrum](https://blog.electrum.co.za/hs-fs/hubfs/Electrum_October2023/Images/footer-logo.png?width=500&height=150&name=footer-logo.png "Electrum")](https://www.electrum.co.za/) ###### Company - 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