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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