A digital payments company facilitating online transactions in South Africa, part of Network International.
Lula Collaborates with Payfast by Network to Embed Growth Funding for E-Commerce Merchants
Lula has entered a strategic collaboration with Payfast to provide funding solutions for e-commerce merchants. The partnership allows Payfast merchants to access fast and flexible funding directly within their payment environment.
Payfast reveals how South Africans shopped this Black Friday
Consumers are spending smarter, with the average basket value increasing to R1,274 in 2025. Lifestyle-related categories, including clothing and electronics, led online sales during Black Friday.
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.
