About
Mobicred is a South African revolving credit account used as a payment option at online retailers such as Takealot and Samsung, and at some physical stores. The shopper applies once online; at checkout they choose Mobicred, sign in and confirm with a one-time PIN, and the purchase is drawn against their limit. Repayment is by monthly debit order of at least 5% of the balance, with interest (21% a year as of 2026, tied to the repo rate) and a monthly admin fee on active balances. The brand is run by Mobicred (Pty) Ltd (NCRCP 10896), and the credit is powered by RCS Cards (NCRCP 38). Limits go up to R50,000.
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