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The South African Reserve Bank has given its regulatory approval for a new partnership designed to exclusively serve the SME sector.
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Local payments provider Peach Payments today unveiled its new look and feel.
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South African youth are the fastest-growing group of online shoppers in the country and providing this group of digital natives with access to credit is imperative.
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Weaver Fintech, a new division of omni-channel retailer Homechoice International (HiL), has made its first acquisition, buying an 85% stake in Cape Town-based buy-now-pay-later (BNPL) start-up PayJustNow.
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Ecommerce entrepreneur Peter Harvey, who founded PayGate in 1999 and managed the company’s merger with the DPO Group in 2016 and PayFast in 2019, will be leaving the group at the end of February 2022.
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Emerging from the latest PayFast Ecommerce Performance (PEP) Index, PayFast believes the theme for 2022 will be frictionless payment processes that minimise the barriers of buying
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South Africa’s retail sector has entered the age of ecommerce, with total online retail sales expected to reach R42-billion by the end of 2021.
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Retail up 78%, betting & gambling up 152% and fintech up 240%.
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Following a record-breaking Black Friday/Cyber Monday period in 2020, it’s not surprising that this year PayFast once again broke records.
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Buy now pay later online sales this Black Friday and Cyber Monday are triple those recorded in 2021, driven overwhelmingly by SA’s female shoppers (73%).
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