Company Information
Since 2007 PayFast has become the trusted online payment solution for over 80, 000 merchants in South Africa, including businesses, causes and individuals.
The PayFast story
PayFast was founded in 2007 by Jonathan Smit and Andy Higgins with the vision of helping online merchants (businesses, individuals and causes) grow their business. Over a decade later, tens of thousands of merchants from a variety of South African businesses, big and small, have registered with PayFast and trust us to process and manage online payments made by their customers.
We continuously strive to remain innovators in the South African fintech space by launching new features and payment methods to help our merchants grow their business. We also ensure that our existing solutions remain cutting edge in functionality and security. We have strict security measures in place securing everything within a robust PCI DSS Level 1 environment. We also have dedicated resources equipped to fight online fraud and to keep both buyers and sellers safe from abuse.
Company Milestones
PayFast founded by Jonathan Smit and Andy Higgins
First Instant EFT transaction
First credit card transaction
Integration to Prestashop & WooCommerce
Integration to Shopify
Payfast Woocommerce plugin becomes free
Recurring payments launched
Automatic Instant EFT launched
Acquired by the DPO Group, spurring the growth of Africa’s largest payment service provider
Launched Split Payments, a first in South Africa
February 2021: Launched Easy Advance
Company information
Company name
PayFast (Pty) Ltd.
Founded
May 2007
Company registration number
2007/011558/07
VAT registration number
4520238322
Physical location
Great Westerford Building, Second Floor,
240 Main Road, Rondebosch,
Cape Town
