PayPal upbeat about digital sales
PayPal expects sales from SA of R53bn in 2018 as more and more South Africans use their cellphones as digital wallets.On Monday online payment platform PayPal released a report showing that more than half of all South Africans who had smartphones were using their devices as their preferred method of transacting.Of the people surveyed, 46% said that being able to shop on their cellphone has made them buy more, while 52% said that in the past month they had left the house without their wallet at least once, instead making payments using their phones.According to the report, the majority of South Africans would rather leave home without their wallets than without their cellphones, and three of the top seven most used apps were related to e-commerce.Speaking from the Seamless Africa Conference, which started in Cape Town on Monday, PayPal GM for Africa Efi Dahan said they were expecting online sales in SA to reach R53bn in 2018, "up from R37bn just two years ago".E-commerce growth was m...
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