Managing Director of Merchant Services, Africa at Payfast and Network International, providing insights on payment trends.
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%.
