South AfricaMarket Overview
South Africa is at the forefront of financial inclusion in the continent
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Population: 60M *
85% of the South African population is banked *
* Source: Worldometers 2023.
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eCommerce: 6.3B *
South Africa's eCommerce revenues are projected to grow by 11.8% annually by 2027.
* Source: Statista, 2023
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eShoppers: 29.8M *
More than half of South Africans have shopped online *
* Source: Statista, 2023
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Internet users: 72.3% *
Half of these users use mobile devices *
* Source: Datareportal, beginning of 2023.
Gain insight into South Africa's most relevant payment methods
- 24% Debit Cards
- 22% Bank Transfers
- 20% eWallets
- 19% Credit Cards
- 9% Cash on Delivery
- 6% Others
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Credit and debit cards
Play like a local by offering traditional payment methods.
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Visa
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Mastercard
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American Express
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Bank Transfers
Count on a wide variety of options to drive conversion.
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Stitch
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FNB
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Capitec
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Nedbank
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Standard Bank
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Investec
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Absa
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Regular Bank Transfers
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The ultimate Country Payment Handbook to unlocking eCommerce growth in South Africa
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