SOUTH AFRICA 
Population of 60 million and a YoY growth rate of 1.2%
Median age of 27.7% years which is younger than any other developed
economy
GDP of USD 415 billion in 2021 expected to grow to USD 533 billion in 2026
GDP per capita of USD 6,860 in 2021 is expected to grow to USD 8,160 in 2026
38 Million internet users (+4.5% YoY)
25 Million active social media users (+13.6% YoY)
22 Million have purchased goods online
4 USD Billion online sales in 2020 (+24.1 YoY)
South Africans can pay with a variety of payment methods. Because of the
dominance of credit & debit cards, cross-border merchants assume that
processing payments via a cross-border PSP is sufficient.
However, not all debit cards are enabled for cross-border processing.
Merchants who want to increase their reach to South African consumers need
to provide them with their preferred payment methods on their billing page.
There is no alternative than to work with a PSP which is able to offer all
major payment methods in South Africa.
Cross Switch enables any cross-border merchant to offer all locally available payment methods to its customers.
Instant EFTs
Local Branded Cards
Digital Wallets
International branded Credit and Debit Cards
