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Wireless

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.

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Categories: Mobile & Wireless
Companies: PayPal
Countries: South Africa
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Comments

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


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