NEWS
PAYM8 expands e-commerce offering , empowering South African merchants with payment solutions
five years , reaching a market volume of US $ 10 billion , roughly R75 billion , by 2027 . consumers in this digital space as effortlessly as they would in a physical store .”
Andrew Springate
Technology and financial gateway service provider PAYM8 , announced the expansion of its e-commerce offering . This comes in response to the South African e-commerce market ’ s projected growth of 12 % in the next
As consumers increasingly value the convenience , time savings , and discounts offered by online shopping , businesses can also reap benefits such as overhead savings , data insights , and an expanded customer base . Recognising this demand , PAYM8 ’ s enhanced solution facilitates a streamlined and secure payment process , catering to a wide range of sectors , including online retail , finance , insurance , and more .
“ Consumers are seeking the utmost convenience in this digital era , and their journey often begins in the e-commerce space ,” said PAYM8 CEO Andrew Springate .
“ Businesses looking to grow and acquire new customers must ensure they are meeting
PAYM8 ’ s e-commerce solution currently includes a product set featuring both VISA and MasterCard Debit and Credit cards , EFT Debit solutions and Instant EFT with partners such as FNB ’ s PAYSHAP and CapitecPay .
Underpinned by an intelligent SaaS platform it offers merchants a single integration to a whole boutique of e-commerce payment products . Through the use of user-friendly API calls , merchants can seamlessly integrate the e-commerce functionality into their solutions . Using a secure redirect methodology ensures access to quick and efficient transactions across a wide variety of use cases , from immediate online payments to recurring subscriptions .
SAS supports Infrastructure Security in Local Government hackathon theme at University of Johannesburg
The Campus Innov8 Hackathon , which took place in August 2023 at the Kingsway Campus of the University of Johannesburg in conjunction with the National Youth ICT Council and the Local Government Association , SALGA , highlighted the spirit of Gauteng ’ s youth . Global analytics vendor SAS supported this initiative designed to harness innovation and robotics skills for societal problem-solving .
In line with the event ’ s dual focus , a hackathon and a makeathon , the theme of Infrastructure Security in Local Government underscored the necessity for robust security solutions within local government infrastructure . This choice , especially in the wake of the recent Bree Street explosion in the Johannesburg CBD , serves as a poignant reminder of the urgency and relevance of the challenge . The theme also aligns well with the Sustainable
Development Goal , SDG 9 goal of building resilient infrastructure and which emphasises industries , innovation , and infrastructure .
Essie Mokgonyana , Country Manager and Sales Director for SAS in South Africa praised the participants ’ efforts and ingenuity . “ By focusing on real-world issues like infrastructure security , these young innovators are not just showcasing their technical prowess but also their deep understanding of the challenges our society faces today .”
The Campus Innov8 Hackathon ’ s goal is far-reaching . Beyond the immediate event , selected social innovators are expected to undergo entrepreneurship and innovation development training with stakeholders , further enriched with incubation and market support . The partnership with SAS saw the organisation assist with the provisioning of robotics kits , mentor fees for the winners , as well as contributing to the grand prize of the event .
“ By fostering platforms like the Campus Innov8 Hackathon , we aim to nurture a dynamic ecosystem for young talent to explore the vibrant world of technology and innovation .”
Essie Mokgonyana
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