PayFast

SA fintech to host free eCommerce Virtual Summit

Cape Town-based online payment processing service PayFast in partnership with Insaka eCommerce Academy will be hosting a free eCommerce Virtual Summit this month. The event aims to…

PayFast reports 412% increase in QR code payments

Cape Town-based online payment processing service PayFast has reported an increase of 412% in transactions made via Masterpass between March 2020 to February 2021. This…

Black Friday 2020 breaks eCommerce record

According to online payment processing service, PayFast, Black Friday accelerated online transactions by 50% compared to 2019. PayFast announced a 283% increase in total…

Covid-19 and African tech startups roundup [26/06/2020]

Telkom Business has launched Yep!, a digital marketplace app where customers can search and purchase from small businesses. This, while new statistics from fintech…

Top startup web events in South Africa, Africa you should know about this week [25/05/2020]

From today until Thursday (28 May) tune in for presentations from worldwide ecommerce experts at the eCommerce Virtual Summit. Among the speakers is Silvertree’s…

10 ways Africa’s fintech sector boomed in 2019

Fintech remains one of the hottest tech verticals in Africa. This year saw African fintech startups based on the continent raise over $53-million in…

Are these the biggest SA tech acquisitions of 2019?

This year saw some pretty big acquisitions in the tech sector. Most notable were Kenyan company DPO’s acquisition of Cape Town based fintech PayFast and Vodacom’s…

PayFast launches Split Payments option, designed for platform commerce [Sponsored]

Online payment gateway, PayFast, has launched Split Payments, a SA-first that instantly splits a portion of an online payment with a third party. The…

DPO acquires SA’s PayFast in reported multi-million rand deal

Nairobi-based payment services provider the DPO Group has acquired SA payments processing service PayFast in a reported multi-million rand deal. DPO Group announced the acquisition, the…

LulaLend looking to access R500m in debt funding following latest raise [Q&A]

SA fintech startup Lulalend has had access to over R150-million in debt funding since launching in 2014 and is on track to access another R500-million off…

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…

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…

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