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 of industry, payment and buyer data sourced from PayFast platforms over the past year. The analysis demonstrates the impact of the Covid-19 pandemic on e-commerce from the perspective of merchants and consumers.

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