Shoppers were riding the Black Friday wave with full force with an increase in online transaction volumes compared with last year’s transaction values for the day. Data released by online…
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Payfast’s Blac Friday/Cyber Monday (BFCM) online tracker is now live, revealing how much South Africans are spending on this year’s sales. Payfast is an online payment gateway that facilitates ecommerce…
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While card payments and EFTs are still dominant when it comes to online payments, making up 63.7% and 31.5% of payments respectively, the pandemic has seen consumer online payment habits…
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Cape Town-based online payment processing service PayFast has reported an increase of 412% in transactions made via Masterpass between March 2020 to February 2021. This is a clear indication of the…
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2020 blurred conventional lines of ecommerce, with sectors that historically had low digital payment penetration experiencing higher demand, as more people shopped online. Payfast saw unprecedented growth in industries that…
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Transaction volumes and total payments in November nearly doubled when compared with the same period last year. This is feedback from PayFast, an online payment gateway owned by the DPO…
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The lowest online transaction to date for 2020 was for R1 and the highest was R850,000, with R803 the average basket size, says online payment gateway PayFast. “We saw a…
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The COVID-19 pandemic has forced SA’s brick-and-mortar retailers to embrace e-commerce, which has been touted as the lifeline for retailers after the sector reported a record decline in sales during…
Read MoreThe coronavirus pandemic and subsequent lockdowns have posed a major challenge to businesses. But one sector has seen a major surge: online shopping. With social distancing and working from home,…
Read MoreStats released by online payment gateway, PayFast show that Generation Z, aged 18 to 24, is paving the way for innovation in the e-commerce space, with Baby Boomers aged 55…
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