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 insight into payment volumes in South Africa.
The company said total online transaction volumes over the Black Friday weekend increased by 50% year-on-year.
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