PayFast partners with RCS to enable online purchases with more store cards

Fresh from announcing its acquisition of Mobicred, now RCS has a partnership in place with online payment specialists PayFast. The partnership sees PayFast facilitate the use of store cards as a new payment method for online purchases.

PayFast explains that store cards from the likes of Game, Makro, Cape Union Mart, Builders and CTM are now supported. The payment method is also said to benefit both merchants, who will be paid upfront in full, and customers, who can pay off their purchases through flexible monthly instalments.

“Alternative payment methods provide customers with convenience, enabling them to pay in a way that suits them. In South Africa there are more store card holders than credit cards – this partnership supports the expansion and growth of our offering, as well as our goal to provide a broader range of payment options,” notes David Kusel, head of Product at PayFast, in a press release sent to Hypertext.

“This gives us fresh opportunities to attract new audiences and make ecommerce more accessible,” he adds.

As part of the launch, the RCS Store Card payment method will be enabled at an estimated 40 000 ecommerce stores including LEGO and Hertex Fabrics.

“The PayFast partnership will help to accelerate our move to online and e-tail credit solutions, creating a platform that is digitally accessible to all consumers, regardless of the payment tender,” enthuses Regan Adams, CEO at RCS.


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