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South Africa’s Payfast Launches New Initiative to Upskill Aspiring Business Owners
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What Did SA Shoppers Splurge the Most On This Black Friday?
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Founder of South African Fintech PayFast Resigns
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4 Digital Payment Trends to Watch in 2021
For many businesses that had previously relied on selling their products or services in person, accepting online payments has been a significant step in digitising their offering to the local market. As eCommerce adoption rates continue to soar in 2021, digital payment solutions will need to keep pace to ensure that customers continue to shop online. Jonathan Smit, Managing Director and Founder of PayFast, predicts that 2021 will continue to see an uptake in eCommerce use and digital payments in the following four ways: Contactless continued – contactless payments have become widely accepted. Whether it be by smartphone, card or wearable device – tap-and-go has become a convenient staple for South African shoppers. Additionally, many are still wary of the COVID-19 virus spreading through s...
PayFast Records Single R299 950 Purchase on Black Friday
The number of new shoppers introduced to eCommerce over lockdown boosted Black Friday weekend total online transaction volumes by 50%, compared to 2019. This is according to data released by online payment gateway PayFast. The company processed a 283% increase in total payment volumes on Black Friday alone compared to a normal busy day such as payday. “This year’s Black Friday spend surpassed the volumes we’ve seen in previous years. The rapid adoption of eCommerce over the course of 2020 has meant that we’ve seen more people shopping online, especially amid fears of a COVID-19 resurgence,” says Jonathan Smit, Founder of PayFast. The highest transaction for the day was R299 950 and online shoppers spent more per basket at R1 243, compared to the 2020 average basket value of R803. “Alongsid...
eCommerce Surges by 139% Amidst Pandemic, Research Shows
Sourced from Innovation Village. South Africa’s eCommerce industry is booming retailers were forced to take their operations online due to lockdown and safety restrictions. Now, with lockdown restrictions easing, the temptation is to throttle back on online efforts and go back to the ways of old. That would be a big mistake, believes Warrick Kernes, founder of the Insaka eCommerce Academy. “Businesses really need to embrace this and make it part of their strategy.” At this time, more South Africans are delving into online buying for everything from groceries and toiletries to hardware and digital devices. But it’s when you drill down into the statistics that the true uptake becomes apparent. Just recently payment gateway PayFast released information regarding transactions during the Januar...
