--- title: Capitec’s High-Volume Immediate Payments rely on Electrum description: Electrum helps Capitec bank to provide clients with the ability to make Immediate Payments. image: https://blog.electrum.co.za/hubfs/Imported_Blog_Media/6257bbf37e45da7e65bc36cd_thumbnail-4-Nov-21-2023-06-46-36-7484-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) - 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Find out how Electrum helps Capitec to provide clients with the ability to make Immediate Payments. For some South Africans, making a payment from internet banking can involve a wait of two to three business days for the money to clear in the recipient’s account, if that account is with another bank. This lag period is inconvenient, can add unnecessary stress to financial arrangements, and goes counter to the kind of instant effect we now expect from our online experience. With Immediate Payments, Capitec has changed all that, allowing users to make payments that are truly instant. > Capitec clients can now transfer money instantly… Whether it’s mobile communication or streaming video, we’ve become accustomed to instant digital interactions. But for some time, it’s felt like traditional banking has been lagging behind – so many functions still seem to be tied up in back-room bureaucracy and inconvenient operating hours. From its inception Capitec has sought to change the banking experience for South Africans. They embrace technology that enables clients to improve their financial lives through a personalised service that’s consistently simple, affordable and easily accessible. Capitec’s Immediate Payments feature is in line with that approach, attracting a transaction fee of only R10 – the lowest in the country. All these transactions – known as real-time clearing (RTC) in the payments industry – are processed through Electrum’s payment switch. > …clients make more RTC payments than any other bank in the country "Capitec is clearly leading the way in affordable banking" says Electrum MD Dave Glass. “We’re pleased to play such an integral role in this new functionality.” That role includes processing tens of thousands RTC payments through the Electrum switch daily. Clearly the bank’s low fees and the effectiveness of their client mobile app have made Immediate Payments an extremely popular function. Capitec and their clients make more RTC payments than any other bank in the country. As with the other services Electrum provides Capitec, like [USSD banking functionality](https://electrum.co.za/electrum-upgrades-capitecs-cellphone-banking-service/) to over 6 million clients, it’s imperative that RTC is secure, reliable and fast. Electrum’s retail banking API’s are built to provide the agility to support new transaction types and integrate easily with existing systems. > …Immediate Payments is a major drawcard for these new account holders Capitec clients appreciate the kind of convenience Immediate Payments offers – more than 100,000 new clients open a Capitec account every month, and Immediate Payments is one of the major drawcards for these new account holders. “It’s satisfying to work with a client like Capitec who’s committed to finding new ways to improve their customers’ lives. RTC at only R10 per transaction represents a significant disruption to the banking industry,” says Dave. “We’re glad be a part of their strategy to make banking simple, accessible and affordable to South Africans.” If you’d like to discuss how to use Electrum's payments systems to deliver better value for your customers, [give us a call](https://electrum.co.za/contact/). ![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 ![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 ![Capitec Bank Makes Sending Cash to Friends and Family Even Easier](https://blog.electrum.co.za/hubfs/Imported_Blog_Media/6257bc13e3cd454a0587b536_send-cash-header-1-Nov-21-2023-06-48-40-3472-AM.jpeg) ### Capitec Bank Makes Sending Cash to Friends and Family Even Easier ![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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[Travel and Event Ticketing](https://www.electrum.co.za/digital-goods-and-services/travel-and-event-ticketing) - [Digital Vouchers](https://www.electrum.co.za/digital-goods-and-services/digital-vouchers) - [Cash Vouchers](https://www.electrum.co.za/payments/cash-vouchers) ###### Solutions - [Clearing House Payments Modernisation](https://www.electrum.co.za/solutions/clearing-house-payments-modernisation-for-existing-banks) - [Turnkey Clearing House Payments](https://www.electrum.co.za/solutions/turnkey-clearing-house-payments-for-new-banks) - [Enterprise Payments Channel](https://www.electrum.co.za/solutions/enterprise-payments-channel) - [PayShap-Ready QR Code Issuing](https://www.electrum.co.za/solutions/payshap-ready-qr-code-issuing) - [PayShap for Retailers](https://www.electrum.co.za/solutions/payshap-for-retailers) - [Cash Voucher Issuing and Distribution for Banks](https://www.electrum.co.za/solutions/cash-voucher-issuing-and-distribution-for-banks) - [Cash Voucher Retail Expansion for Banks](https://www.electrum.co.za/solutions/cash-voucher-retail-expansion-for-banks) - [Retail Cash-In and Cash-Out Expansion](https://www.electrum.co.za/solutions/retail-cash-in-and-cash-out-expansion) - [High Volume POS-Integrated VAS Services](https://www.electrum.co.za/solutions/high-volume-pos-integrated-vas-services) - [Expanded VAS For High-Growth Digital Channels](https://www.electrum.co.za/solutions/expanded-vas-for-high-growth-digital-channels) ###### Resources - [Implementation Guides](https://www.electrum.co.za/documentation/product-guides) - [Solution Updates](https://www.electrum.co.za/solution-updates) - [Reports, whitepapers & flyers](https://www.electrum.co.za/insights) - [Blog](https://www.electrum.co.za/blog) - [Developer Portal](https://api.electrum.io/) ###### Contact us - [Electrum Payments,Building 3, Podium Level, Riverlands Mall51 Gogosoa StreetObservatoryCape Town 7925, South Africa](https://g.page/ElectrumPayments?share) - [hello@electrum.co.za](mailto:hello@electrum.co.za) - [+27 21 448 6422 (office)](tel:+27214486422) - [+27 21 447 1227 (support)](tel:+27214471227) © 2026 Electrum Payments - 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