R400-million Capitec acquisition of WalletDoc approved with conditions

• The Competition Commission has recommended that the Competition Tribunal approve Capitec's proposed R400-million acquisition of WalletDoc with conditions.
• The acquisition aims to reduce payment costs and expand access to digital financial services, with WalletDoc providing payment gateway solutions for merchants.
• The Competition Commission imposed three conditions on Capitec, including making Capitec Pay available to third-party payment service providers and treating competing payment rails fairly.