The growth of internet has been capitalized by banks which employing a number of services and products to reach out for their customers.
Financial services provider, Capitec introduced a real time mobile money management tool to assist its customers to manage their budget on the go. This financial facility is a new tool in the existing Capitec bank app; it gives clients a total control of their finances thereby enabling them to keep track of money coming and leaving their accounts as it happens in real time.
With SMS notifications, clients can instantly allocate the exact income or expense into a category, or entertainment, to make sure they are on track with savings goals.
This budget tool is found in the Capitec Bank mobile app for all smart phone users.
That way, clients are able to keep track of all their monthly recurring payments including all their daily expenses against their planned budget for the rest of the month, in real-time as they use their funds and better manage their available finances.