RCSI-Acquisition of online credit provider, Mobicred. – SENSES


RCSI-Acquisition of Online Credit Provider, Mobicred.

BNP Paribas Personal Finance South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2000/017884/06)
Company code: RCSI
(“BNPP PF South Africa” or “RCS”)

Acquisition of online credit provider, Mobicred

In alignment with its drive towards digital transformation and e-commerce expansion in Southern
Africa, RCS group announces its acquisition of SA’s leading online credit provider, Mobicred.

Mobicred provides retailers with a seamless credit facility for their customers. The Mobicred platform
is currently integrated into over 4 000 online stores throughout South Africa, providing a secure
payment option in real-time. Mobicred account holders gain access to exclusive promotions across a
range of these online stores.

With the acquisition of Mobicred, RCS will accelerate its growth into the e-commerce ecosystem by
adding new and bespoke brands to their already well-established shopping network of over 28 000
stores. The acquisition will also allow the group to tap into new customer segments, with a particular
focus on Generation Z’s and Millennials – the biggest proponents of online sales in South Africa. The
Mobicred acquisition is a pivotal next step in unlocking synergies in the retail environment, with digital
capabilities at a customer’s fingertips.

Founded in 2013, the Mobicred offering of a single credit account for all a customer’s online shopping
needs solidified its position as the country’s pioneering virtual credit provider. Mobicred was a first-
mover and early adopter and successfully grew their business, gearing them to take advantage of the
country’s shift to e-commerce, which was significantly accelerated by the pandemic.

April 1st 2022

Debt Sponsor

The Standard Bank of South Africa Limited

BNP Paribas (www.bnpparibas.com) is a leading bank in Europe with an international reach. It has a
presence in 65 countries, with approx. 190,000 employees.
The BNP Paribas group, through its wholly owned subsidiary BNP Paribas Personal Finance, acquired
100% of BNP Paribas Personal Finance South Africa Limited (formerly, RCS Investment Holdings
Limited) in August 2014.

BNP Paribas PF South Africa is a consumer finance business predominantly based in South Africa, with
20 years in the industry.

Date: 31-03-2022 09:00:00
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David A. Albanese