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In 2020, e-commerce in South Africa spiked by 66%, driven by COVID-19-induced lockdowns and a drop in brick-and-mortar retail sales[i]. This increase was accompanied by an upsurge in the use of instant Electronic Funds Transfer (EFT) payments. Towards the end

With the African Continental Free Trade Agreement set to generate combined consumer and business spending of $6.7 trillion by 2030, the continent requires payment platforms to cater for this growth. To this end, Pay@ – a leading South African payment

Since COVID-19 hit South Africa in early 2020, leading payment aggregator and provider of secure payment solutions, Pay@ has seen a 50% year-on-year increase in money transfer transaction volumes – a trend which Account Executive, Hennie Blignaut, expects to show

South Africa’s small and medium-sized enterprises (SMEs) represent more than 98% of registered businesses, employ between 50% and 60% of the country’s workforce, and are responsible for a quarter of job growth in the private sector. “It’s no wonder then

Despite being Africa’s second largest economy, South Africa has the seventh highest unemployment rate on the continent, an education system that has been dubbed ‘broken and unequal’ and a highly skewed income distribution that sees the top 20% of the

This in turn impacts their ability to pay staff and suppliers? It’s not surprising then that 47% of SMEs see late payments as a threat to their business. “With this in mind – and with it being a new financial year

Small and Medium-sized Enterprises (SMEs) have long been hailed as the lifeblood of the economy. Now, in the wake of the COVID-19 crisis, they are critical for its recovery. Not only do they contribute 35-50% of national GDP globally, they also

But what does this and the measures Treasury is putting in place mean for bill payments? “Bill payments tend to be informed by indicators like a robust economy, thriving organisations that are both solid in their foundations and liquid; and, most

A smooth and efficient billing system is important for the delivery of services such as electricity, water, refuse and waste disposal. A smooth and efficient billing system is important for the delivery of services such as electricity, water, refuse and waste