, announced the expansion of its e-commerce offering. This comes in response to the South African e-commerce market’s projected growth of 11.89% in the next five years, reaching a market volume of US$9.97 billion, roughly R75 billion, by 2027.
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. 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.
Merchants also gain from the benefits of instant payments including instantaneous settlement, irrevocability and simple initiation all leading to higher payment successes. The ability to utilise an embedded hyperlink in an invoice and/or messages can also assist with initiating payments.
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