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

2007

PayFast founded by Jonathan Smit and Andy Higgins

2008

First Instant EFT transaction

2009

First credit card transaction

2010

Integration to Prestashop & WooCommerce

2012

Integration to Shopify

2013

Payfast Woocommerce plugin becomes free

2016

Recurring payments launched

2017

Automatic Instant EFT launched

July 2019

Acquired by the DPO Group, spurring the growth of Africa’s largest payment service provider

October 2019

Launched Split Payments, a first in South Africa

February 2021

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