The next big bank may not look like a bank
Zolile Mcelu[date] · 1 min read
I don’t think South Africans fully realise what just happened.
Pepkor is going into banking.
Yes. Pepkor.
The same Pepkor many people know through school clothes, lay-bys, store accounts, month-end shopping, and those quick “let me just pay this bill while I’m here” moments.
And that is what makes this interesting. This is not just a retailer adding another service.
Pepkor sees your money behaviour.
It could make banking simpler and more accessible. Or it could turn everyday financial pressure into another way to sell credit.
Pepkor is not just entering banking.
It may be entering the most personal part of people’s lives.