Page 17 - Nine Yards Magazine 2021/2022 - Old Mutual Corporate
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Founded: 2015
Merchants: 60 000 +
Max %: 2.9% + R1 incl. VAT Nice-to-have: Create your own Paystack storefront using their templates
Founded: 2012
Merchants: Undisclosed
Max %: 2.75% + VAT + R2.50 daily payout fee
Nice-to-have: Sell data, airtime and electricity with iK Vend and earn iK Cash
THE EXPECTED VOLUME OF CASHLESS TRANSACTIONS IN AFRICA IN 2025 (UP FROM 64% IN 2020)
– PWC Payments 2025 & Beyond report
78%
IKHOKHA
ikhokha.com
Developed by a Ballito-based startup, iKhokha offers two POS machines: the standalone Shaker Solo (R1 999 once- off) for high-volume businesses; and the smartphone-connected Mover Pro (R299) for smaller businesses.
cashless get set
PAYSTACK
paystack.com
Positioned as a competitor to Yoco and PayFast, Paystack promises payment processing from customers who use cards, mobile money accounts, QR codes, EFT or USSD. All of that, with settlements made by 10am the next morning.
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PHOTOS: GALLO IMAGES/GETTY IMAGES
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