Subscribe
News
|
Interviews
|
Voice of the Industry
|
Watch & Learn
|
Reports
Cross Border Ecommerce Research
Company Database
|
Events
Facts & Figures
|
Payment Methods
|
Fraud Prevention
|
Service Providers
Facts & Figures
|
Payment Methods
|
Fraud Prevention
|
Service Providers
Select a country in
- choose a country -
Preferred Payment Methods in
Southafrica
Main card schemes and alternative payment methods in Southafrica
Read below about payment methods And how to increase conversion by offering the most convenient online payment methods when selling goods online in Southafrica
Download report on Cross-border Ecommerce - southafrica
Download report on southafrica
Domestic and Preferred Card Schemes
• Visa is the marginally preferred credit card scheme in South Africa, with a 48.6% share
Alternative Payment Methods
•
PayPal
: First National Bank (FNB) originally brought the PayPal service to South Africa. PayPal enables FNB bank account holders to easily make payments and withdrawals using their bank accounts. FNB has also made it possible for non-FNB account holders to withdraw funds paid into their PayPal account to their bank accounts at other banks.
•
Ukash
: Ukash is a voucher-based payment system which allows buyers to make online payments without the need for a bank account or a credit card.
• The electronic funds transfer (EFT): Instant EFT enables buyers to make payments with traditional internet banking. For instance, Setcom launched SID Instant EFT in 2007 as a payment alternative to a credit card. SID Instant EFT allows the customer to make payment directly to a merchant using their existing internet banking facility, and deposits are made in real time.
• M-Pesa: M-Pesa is a mobile phone-based money transfer and microfinancing service launched by Vodafone for Safaricom and Vodacom. The “M” stands for mobile, and “Pesa” is Swahili for money. Using M-Pesa allows those without a bank account to transfer funds as quickly and easily as sending a text message.
• Cell Pay Point: Cell Pay Point is an easy-to-use online payment solution that is not limited to credit card payments. Online banking clients at FNB in South Africa can use this payment method to pay merchants using their mobile phones.
• Zapper: Zapper, a locally developed smartphone app that facilitates smartphone payments, has been launched in South Africa in July 2014. Unlike other companies which activate in this market, the company behind Zapper has explored international markets first.
• FlickPay: FlickPay was launched in South Africa in July 2014. The Cape Town-based company used technology from wiGroup, a business that specialises in integrated point-of-sale mobile transactions. wiGroup provides systems to MTN, Shoprite Checkers, Pick n Pay, Engen, KFC and Vodacom.
Download report on Cross-border Ecommerce - southafrica
Download report on southafrica
Top Stories
/
Most Read
Adyen partners with Adobe Commerce
Published 08:18 | World |
News
allpay partners with Crown Commercial Service
Published 28 Mar | World |
News
SCOPE FinTech Solutions and iDenfy augment fintech security
Published 28 Mar | World |
News
Gen Z generation most exposed to fraud, Sift says
Published 28 Mar | United States |
News
FinMont Partners with Triple-A
Published 28 Mar | Germany |
News
:::
more news
Western Union launches eSIM
Published 27 Mar | World |
News
Visa launches AI-powered fraud prevention solutions
Published 27 Mar | World |
News
Tempo France suspends classical remittance services
Published 28 Mar | World |
News
Walmart to end partnership with Capital One early
Published 28 Mar | United States |
News
IDEMIA collaborates with Qualcomm Technologies
Published 28 Mar | France |
News
:::
more news
Interviews
27 Mar
The digital wallet effect: transforming loyalty programs, ConnectPay at MPE
15 Mar
The emergence of Open Finance in the UK – CFIT interview
14 Mar
Reaching new territories – insights into growth markets and business expansion
14 Mar
The frontiers of innovation in B2B payments
13 Mar
The most pressing challenges and the future of B2B payments
:::
more interviews
Voice of the Industry
08:24
FedNow: addressing the glacial pace of instant commercial payments adoption in the US
27 Mar
Travel industry insights: payment challenges, trends, and regulatory frameworks
27 Mar
Insights into European payment regulations for 2024 (and beyond)
26 Mar
Fast and flexible, not furious: how top card issuers win the race
25 Mar
The Paypers Global Partnerships Analysis Q4 2023 – Payments and Commerce
:::
more voices
Free Headlines
:::
subscribe now
RSS
:::
follow ThePaypers via RSS
:::
connect
LinkedIn
:::
connect with ThePaypers on LinkedIn
:::
connect
Twitter
:::
follow ThePaypers on Twitter
:::
follow
Facebook
:::
like ThePaypers on Facebook
:::
like