South Africa’s PayShap instant payments system has passed six million registered users and 905 million transactions since its 2023 launch, operator PayInc said on Thursday – even as the system’s owners acknowledged that costs and inconsistent bank user experiences are slowing adoption. The disclosure, coming after the inaugural PayShap Accelerate Acceptance Conference held last week,…
SMEs are leading South Africa’s digital commerce revolution. Digital payments are increasingly underpinning merchant growth in SA, with small and medium enterprises (SMEs) using them to unlock new revenue streams, expand their reach and build more resilient businesses. These are among key findings highlighted in the fifth edition of Payfast by Network’s State of Pay…
Mpho Sadiki, MD for Payfast Whereas merchants and industry usually push digital innovation, consumers are driving merchants to innovate in online payments. The proliferation of digital tools is upending the online payments space, with consumers now driving the pace of innovation by forcing merchants to adopt their preferred payment methods instead of the other way…
