Online opportunities in one of Africa's most attractive markets
E-commerce is taking off in light of being the most digitally advanced economies on the continent.
South Africa is observing a swift shift from cash usage towards growth in electronic payments thanks to internationally established payment methods, as well as disruptive local players. Meanwhile, credit and debit cards are the most preferred online payment methods, however South Africans also largely use a variety of alternative online payment methods. PayU enables merchants to accept Visa and Mastercard payments irrespective of the location the cards have been issued in.
Debit card users have an option to complete an EFT payment (electronic funds transfer) in case the payment gateway does not support debit cards. This is carried out using the customer’s personal internet banking site. PayU supports all South African banks and, therefore, greatly empowers customers without credit card solutions.
Additionally, PayU has forged partnerships with Mobicred, a consumer credit provider, which means consumers can purchase via credit from merchants through their Mobicred credit facility.
PayU’s deep local understanding of the diﬃculties as well as the abundant opportunities to be attained within the South African market. The the South African market is experiencing exponential growth in light of a growing middle class and expanding internet access. Enabling alternative payment methods, along with ensuring secure transactions, allows merchants to easily expand within this proliﬁc market.
Payment Methods Available in South Africa With PayU
Credit and Debit Cards