We’re excited to announce that PayFast has been acquired by DPO Group, Africa’s leading Payment Service Provider (PSP). The merger is a significant milestone for PayFast and for the payments and ecommerce industries in South Africa.
PayFast’s goal since our inception in 2007 has always been to act as an ecommerce enabler, making online payments easier, quicker and safer for businesses and supporting them in reaching their growth and development targets, particularly smaller businesses, which are an extremely important part of our economy. While we have grown a lot since then, this role of ecommerce enabler remains a core part of who we are as a business, and one that we believe is shared by DPO, who have recently acquired other South African payment specialists PayGate, VCS, PayThru and SID.
Merging with the Group will allow us to integrate our processing and facilitation capability and expertise with DPO’s range of payment services, which has huge geographical reach across Africa. This is an extremely exciting opportunity for us, and one that will allow us to continue to improve and widen the range of services on offer to our customers in South Africa and across the continent.
For PayFast merchants the merger will not affect the payment processing of their account and the service you receive from PayFast remains unaffected. Buyers will also continue to enjoy the same secure and seamless payments experience that PayFast has come to stand for over the years.
We look forward to this next exciting chapter and embrace the future potential for growth and innovation the ecommerce and payments industries hold. We couldn’t have done this without the support of our merchants who have trusted us with their payments. We thank you for your ongoing support and look forward to being of continued service to you as we enter this next exciting phase of our journey.