--- title: "Blu Label says MTN is coming for its Capitec business" url: https://daily.dev/posts/blu-label-says-mtn-is-coming-for-its-capitec-business-46humcrzv source_url: https://techcentral.co.za/blu-label-says-mtn-is-coming-for-its-capitec-business/285365 type: article source: "TechCentral" published: 2026-08-26T10:08:35.701Z updated: 2026-08-26T10:08:56.158Z tags: ["fintech"] reading_time: 3 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Blu Label says MTN is coming for its Capitec business **[TechCentral](https://daily.dev/sources/techcentral)** · 3 min read · 0 upvotes · 0 comments ## Summary MTN's push to sell airtime directly to South African banks rather than through third-party distributors mainly threatens Blu Label's Capitec relationship, according to Blu Label co-CEO Brett Levy. He argues MTN gains little margin from going direct as the market shifts toward generic vouchers usable across all four networks, a trend reflected in Blu Label's 22% growth in universal voucher revenue (R15.3bn to R18.7bn) for the year to 31 May. Levy also frames banks and mobile operators as increasingly direct competitors, both chasing the same banking and payments customers, with MTN's MoMo and Vodacom's VodaPay competing for banking market share. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [The MVNO trap deepens as the battle moves to data](https://daily.dev/posts/the-mvno-trap-deepens-as-the-battle-moves-to-data-sspr7dsoe) · TechCentral · 0 upvotes · 0 comments - [MTN South Africa’s voice problem is getting worse](https://daily.dev/posts/mtn-south-africa-s-voice-problem-is-getting-worse-algx9eysy) · TechCentral · 0 upvotes · 0 comments - [The trap that stops MTN and Vodacom eating Cell C’s lunch](https://daily.dev/posts/the-trap-that-stops-mtn-and-vodacom-eating-cell-c-s-lunch-1jlt7mruc) · TechCentral · 0 upvotes · 0 comments --- Tags: [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/blu-label-says-mtn-is-coming-for-its-capitec-business-46humcrzv)