Cashbuild is the largest retailer of building materials and associated products, selling directly to cash-paying customers through its 318 (and growing) stores in South Africa, Namibia, Lesotho, Botswana, Eswatini and Malawi.
Cashbuild, employs over 6 000 people, and comprises of Cashbuild Limited and the operating subsidiaries registered in the abovementioned countries. Cashbuild is the first-choice retailer in its chosen field in all the regions in which it operates. It achieves this by carrying a focused, in-depth, quality product range at the most competitive prices to meet the needs of the local market for homebuilders, home improvers, contractors, farmers, traders as well as any other persons wanting to purchase quality building materials for cash.
Cashbuild shares have been listed on the JSE Securities Exchange since 1986.
The solution
After evaluating banks and other institutions, with no success, Cashbuild partnered with Altron FinTech to design and implement a solution that would bring security, simplicity, and control to their payments infrastructure. Altron FinTech was chosen because of their ability to build a system from scratch that met Cashbuild’s unique requirements.