PayPal expects SA mobile spend at ZAR 12 bln for 2015

Monday 22 February 2016 | 11:31 CET | News
Digital payments business PayPal says it expects South Africans to spend more than ZAR 37 billion online in 2016 as a high penetration of smartphones and cross-border shopping drive online spending, MoneyWeb reported. Mobile phones and tablets are expected to account for nearly ZAR 12 billion of the total – a 70 percent growth on 2015. By 2017, mobile payments are expected to contribute more than ZAR 19 billion to online spend of ZAR 46 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: PayPal
Countries: South Africa
::: add a comment


This is good news for online eCommerce store owners, they could see an explosion of sales and tremendous growth in online business over, they are no longer limited to selling their products locally.
Nick Maritz @ 23/2/2016 - 07:12

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.