How is Fintech Shaping SA’s Digital Payment Infrastructure?
Fintech is transitioning from a payment facilitator to a crucial infrastructure provider for commerce and financial inclusion. South Africa has a banking penetration of around 80%, yet credit card ownership ranges between 8 and 19%.
South Africa’s SOLmate doubles users to 100,000 as eWallet surge drives growth
SOLmate has doubled its active user base to about 100,000 over the past year. The eWallet service recorded a 500% surge in transaction volume, preferred over traditional EFTs.
Payfast Report: Monday is the Most Popular Day for Online Shopping
71% of merchants are optimistic about the festive shopping period. Unified Commerce is enhancing customer convenience and merchant efficiency.
Partnership to Enable Facilitation of eCommerce Transactions
Network International expands collaboration with J.P. Morgan Payments in South Africa. Utilizing Payfast, Network's online payment solution, to enhance ecommerce transactions.
Payfast has Rebranded to Network International
Payfast rebrands to become 'Payfast by Network' and integrates into Network International's payment solutions. Network International aims to introduce new digital payment offerings in South Africa.
