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All posts tagged "PayFast"

  • PayFast’s 30k merchants can now accept bitcoin as online payment

    Starting today, one of South Africa's most popular online payment service, PayFast, is enabling sellers using its services to easily start accepting bitcoin payments from local and international buyers. This news comes after PayFast entered into an partnership with South Africa’s biggest bitcoin exchange, BitX, which will allow buyers to make bitcoin payments to PayFast's 30 000 merchant clients. Customers shopping online now have the option to either pay using Mastercard, Visa, Instant EFT, or bitcoin. Moreover, the system is unique in that it tries to shake off one of bitcoin's biggest disadvantages as a payment method -- volatility. Customers can...

  • Exclusive: Major int’l VC stealthily buying into SA eCommerce sites

    A major US$3.5-billion New York-based hedge fund headed by investor Lee Fixel has been quietly buying up some major eCommerce properties in South Africa over the past five years. The New York-based Tiger Global Management LLC, which recently invested US$20-million in business social network LinkedIn and US$80-million in Facebook, now holds a stake in the country’s largest online auctions site, Bid or Buy. Add to that a growing portfolio that includes key...