We're living in an era of digital revolution. Traditional banking models are being swiftly disrupted and reimagined, redefining how we live, work, and shop. With the accelerated shift towards digital and niche banking, catalysed by the evolving needs of consumers and merchants, we're seeing an unprecedented embracement of digital payment channels. This rapid transformation is [...]
In an era where digital transactions are not just commonplace but essential, businesses face the intricate challenge of choosing how best to simply integrate while getting access to all the required payment products and solutions. With the understanding of this evolving terrain, PAYM8 pioneers a transformative approach: a single, seamless integration for all your payment [...]
Leading tech 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 11.89% in the next five years, reaching a market volume of US$9.97 billion, roughly R75 billion, by 2027. As consumers increasingly value the convenience, time savings, and [...]
The size of a small, informal, or rural business shouldn’t be an obstacle to them attaining the same growth rate as larger, more formal enterprises. In fact, their smaller scale should be an advantage with fewer bureaucratic hurdles and greater flexibility. But in reality, rural businesses and informal traders are often limited by access to [...]
The Power of Exceptional Customer Service in Creating a Seamless Payment Experience In our rapidly evolving digital landscape, finance and e-commerce options have to keep pace. The wave of digital transformation sweeping across financial services is undeniably essential for empowering small and large businesses and their customers alike. However, amidst this constant wave of innovation, [...]
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In recent years, Electronic Funds Transfers (EFTs) have become a bedrock of financial systems worldwide, shaping the way businesses, consumers, and banks interact. Andrew Springate, CEO of tech and financial gateway service provider PAYM8 says that by participating significantly in the EFT landscape’s modernisation, including Authenticated Collections (DebiCheck) in South Africa and Enhanced Debit Orders (ENDO) in [...]
As the world of e-commerce and digital transactions continues to evolve, businesses require robust and reliable payment platforms that offer an array of solutions while ensuring data security. PAYM8's intelligent payments platform, AXIS, is designed to cater to the needs of both existing merchants and third-party businesses wanting to manage their own payments whilst providing [...]
Financial inclusion remains a major challenge in South Africa, where millions of people remain outside the formal banking system and where higher-income groups have more access to a broader range of financial services. Despite recent steps being taken in the right direction, Andrew Springate, CEO of tech and financial gateway service provider PAYM8 says innovative [...]
Vicious cycle of debt is a serious concern with far-reaching implications for the entire payments industry, says tech and financial gateway service provider PAYM8 CEO Andrew Springate. Many South Africans are finding it increasingly difficult to keep up with debt payments. Recent news from FNB suggests it takes an average of five days for [...]
