Category Archives: PayFast

Report writing project: Payfast State of Pay report 2023

The best way to establish expert credibility is to share unique insights and data that demonstrate how your brand is ahead of the competition. At the end of last year, we worked with client Payfast to produce the 2023 State of Pay report, unpacking open commerce and financial inclusion – two critical topics in South&nbspREAD MORE >

Ventureburn Coverage: GirlCode – Payfast mentors SA’s next generation of women in tech

Women only hold 23% of jobs in tech locally, according to Women in Tech ZA. To combat this, organisations need to drive more diversity, by investing in and uplifting young women interested in the sector. Software development skills organisation GirlCode, is working to make an impact by hosting their annual Hackathon. As part of the&nbspREAD MORE >

Bizcommunity coverage: South Africa’s biggest e-commerce players rebrand under Payfast

South Africa’s leading payment gateway provider Payfast has undergone a major rebrand. Having joined forces with PayGate and SiD under Network International, the company has created a new home for its consolidated offering. With a renewed focus on enabling growth – for the brand, its merchants, and the broader ecommerce industry – this milestone represents&nbspREAD MORE >

MyBroadBand coverage: See how much South Africans are spending on Black Friday

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 payments. It currently serves more than 80,000 merchants, ranging from small businesses to large enterprises. The company first launched its BFCM dashboard in 2020. To&nbspREAD MORE >

Bizcommunity coverage: New payment methods show signs of growth

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 change, with QR Codes carving out 3.5% – an increase of 178% – and mobile usage growing 55% growth in 2021. This is according to&nbspREAD MORE >

Ventureburn coverage: PayFast reports 412% increase in QR code payments

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 impacts of the pandemic on the eCommerce sector and how digital payments have become a popular mechanism for both businesses and consumers. To read the&nbspREAD MORE >

Bizcommunity coverage: #BizTrends2021: Acceleration of digital payments

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 previously had a limited need for digital payments. These included a 1,787% year-on-year increase for online liquor stores; a 683% uptake in telecommunications services and&nbspREAD MORE >

My Broadband coverage: Impressive Black November online sales numbers in South Africa

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 Group that facilitates online payments. PayFast offers merchants a variety of payment methods including credit cards, Instant EFT, and debit cards, which gives it unique&nbspREAD MORE >

Times Live coverage: PayFast launches Ecommerce Performance Index

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 100% increase in online transactions between April and May 2020,” said Jonathan Smit, managing director and founder of PayFast. Its e-Commerce Performance Index report consists&nbspREAD MORE >

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