Businesses Cash In On SA’s Booming Card Payments And E-Commerce Revolution
In December 2024, the number of electronic transactions highlighted showed strong sales growth
The festival in 2024 reflects the steady growth of transactions in various enterprises and consumer fields in standard banks. The transaction volume and value of enterprises in different sizes and industries are increasing, which highlights the continuous transformation of numbers and cashless payment. The double -digit number of digital transaction volume increased by 15 % year -on -year (YOY), digital transaction value increased by 11 %, and the basis of standard bank trading merchants increased by 8 % in December 2024. The role of card payment in supporting business growth and consumer expenditure is increasing.
Holiday transaction period (20TH By 27TH December 2024) In the business field of all standard banks, all activities are higher, and the value and number of total income increased by 20 %, that is, the transaction of processing
According to the processed digital transactions, the card obtained by the standard bank’s turnover has also significantly increased the key departments and regions, which reflects the widespread adoption of digital solutions:
- The top department of the increase in turnover in December 2024 is:
- Grocery store-increased by 26 % year-on-year,
- Clothing store-increased by 20 % year-on-year,
- The highest area of the increase in flow rate in December 2024 is:
- Hao Deng Province-increased by 20 % year-on-year
- West Kaipu-30 % of the same above
- Quizuru-Natal-increased by 17 % year-on-year
Among these numbers, “We continue to see that e -commerce transactions have increased significantly, especially in the trend of small and medium -sized enterprises, which indicates that migrating to electronic payment channels will continue until 2025,” South African commercial and commercial bank merchant solutions are responsible for responsibility In Standard Bank.
Coupled with this year’s economic prospects, these growth trends have brought obvious opportunities to South Africa small and medium -sized enterprises.
- Number adoptionFor example, in order to use digital tools to manage cash flow and customer participation.
- E -commerce growth Promoting the rise of mobile priority business has provided new opportunities for small and medium -sized enterprises to attract wider customers.
- Get finance Because the newly available electronic transaction data supports the tailor and expansion of the SME financing options, it is improving.
- Government support -Estead, it is easier to navigate and ensure that micro-and women owns enterprises-it is more likely to be navigated and ensured through proven transaction records.
Nyawo said: “However, the key to being aware of these opportunities is the ability to transaction and operation in electronic ways.”
In order to assist small and medium -sized enterprises, deploying technology to participate in the booming e -commerce revolution in South Africa, standard banks have developed many powerful tools to help smaller companies surpass their weight and digital competition environment. In addition, with the help of mobile payment solutions, such as SNAPSCAN, fast, relaxed and secure payment transactions can be easily processed through smartphones to provide customers with the same transaction speed and customer experience for customers, especially small enterprises.
With the development of the enterprise, “Standard Bank’s SIPLYBLU platform is supported by our comprehensive multi -card payment solution VISA, which also makes it easier for enterprises to manage its entities, digital and mobile sales online payment without friction. In order to improve customer experience “Nyawo added. By integrating payment, inventory management and e -commerce into a platform, Simpyblu provides unparalleled flexibility and control over multiple channels. In addition to the full visibility, the SIMPLYBLU platform can access business insights and reports without additional costs.
As more and more companies adopt digital payment solutions, NYAWO hopes to shift its key to operating efficiency, including online payment platforms, mobile priority business strategies and data -driven financial solutions. Can realize business expansion.
