Surge in online shopping as SA gets to grips with the e-conomy

Online shopping is the way of the future, according to a survey conducted by PayU, a South African online and mobile payment service provider.

The results of the survey, which appeared on News24, support findings from a World Wide Worx research report claiming a 30% increase in online spending in 2010 relative to the previous year.

“Research indicates that consumers are beginning to recognise the benefits of online shopping, and the more popular it becomes, the greater the opportunity for South African businesses to reap the economic benefits of reaching new customers online,” said Mark Chirnside, CEO of PayU MEA.

The survey, conducted in November last year, revealed that 75% of the respondents actively participated in and recognised the important role that e-commerce would play in shaping South Africa’s future economy, and in the three months leading up to the festive season, 85% of the respondents claimed to have shopped online.

Furthermore, the online survey revealed that 77% of respondents felt that a payment gateway service provider added credibility to a website.

South African retailer Pick n Pay is a long-time PayU SafeShop customer.

“Through our partnership with PayU SafeShop we are able to give our customers what they have asked us for, a safe and secure way of paying for their Pick n Pay online shopping,” said Mike Cotterell, general manager of online shopping at Pick n Pay.

In addition to Pick n Pay, PayU Payment Solutions, which is a division of multi-national media giant Naspers (NPN), also processes online payments for Kalahari.com, NetFlorist and four major airlines. — I-Net Bridge

Keep the powerful accountable

Subscribe for R30/mth for the first three months. Cancel anytime.

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.

Zeenat Moorad
Zeenat Moorad works from Johannesburg, South Africa. Markets, finance&business. Mostly. Once editor, journalist, columnist-Financial Mail&Business Day,Views all my own, I’d follow me, Currently @Discovery_SA Zeenat Moorad has over 4602 followers on Twitter.

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Battlelines drawn over new seismic survey on the West Coast

The Legal Resources Centre and Richard Spoor Attorneys are heading to court for urgent interdict against Searcher Seismic, an Australian exploration outfit

UK decision to ban trophy-hunting imports disregards South Africa’s conservation...

Animal rights groups say trophy hunting is unsustainable in sub-Saharan Africa, but research finds a ban on imports could have negative socioeconomic consequences

Uganda’s first wildlife vet wants to change world

Gladys Kalema-Zikusoka is contributing to conservation not only with her veterinary skills but also by supporting community development

Nadal says justice has spoken over Djokovic ‘mess’

The Spanish great also said that he would have preferred it if his rival and defending champion Djokovic had been playing in the first Grand Slam of the year
Advertising

press releases

Loading latest Press Releases…
×