World Wide Worx 2024 Online Retail Report
The 2024 World Wide Worx report, sponsored by Peach Payments, Mastercard and AskAfrika, reveals that South Africa’s online retail surged to R71 billion in 2023, with projections to exceed R100 billion by 2026. Discover more key findings below to help your business succeed online.

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Ready to #ThinkBigger

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The online retail landscape may be evolving, but we are here to guide you with dedicated support, security at scale, and peak performance when you need it most.

Think bigger than the technology of payments: Think about a team of performance specialists that will take your customer service to the next level

According to the WWW study, customer service ranks as the most important factor to the success of online retail activities among respondents, at 74%.

Important factors to  success  of online retail activities-1

Recognised for outstanding customer service, Peach Payments differentiates itself with rapid support—resolving over 95% of issues within the first 24 hours. Each key enterprise account benefits from dedicated Account Managers who provide detailed monthly reports on conversions, customer trends, and the latest payment methods, ensuring the health of your business. Our approach goes beyond tracking failure codes by analyzing user behavior to understand and address the root causes of payment failures, setting us apart from other Payment Service Providers.

Think bigger than payments: Think trust, security and peak performance when you need it most

According to the WWW study, both trust and security are consistently rated highly across all company sizes.The stability of the system and failovers also received high ratings across all company sizes. This suggests that businesses value payment gateways that ensure trust,  uninterrupted service and have robust failover mechanisms in place.

Average 1 to 5 rating

We deliver a secure and seamless shopping experience with state-of-the-art encryption and rigorous merchant screening. Our platform features robust security tools and maintains a 99.9% uptime, ensuring reliable transaction processing. In case of downtime, our automatic failover mechanism keeps your operations smooth. Uniquely, we offer free redundancy for 3D Secure transactions, emphasizing our commitment to uninterrupted service without additional costs.

Think bigger than credit cards: Offer more payment methods to increase your conversion opportunity

According to the WWW study, cards (100%) and EFT (95%) payments remain the most universally used payment methods. Alternative payment methods are also taking center stage. For Enterprises, vouchers (61%), Bnpl (47%) and Payment Links (44%) are  the most utilized. Digital wallets are also on the rise, with  37% of merchants currently using Apple Pay and/or Google Wallet.

Payment methods  | By Company Size

We recognise that providing a variety of payment options caters to diverse consumer needs, enhancing merchant sales. We offer insights on which methods yield the highest conversions, such as a 20% increase with Apple Pay due to less friction and no need for repeated credential entries, boosting transaction volumes by 36%. Additionally, 1Voucher is becoming popular for its ability to lower entry barriers for cash customers, showing a 75% conversion rate.

The rising trend of Buy Now, Pay Later options helps sustain sales during slow periods without increasing consumer debt. Our dedicated specialists and Account Managers use transaction data to proactively address challenges, ensuring smooth payment processes and robust recovery flows

Download the full report.

Scale with Peach
Learn how we help scale some of Africa's most exciting businesses

Business tips, case studies, interviews with online store owners and business trends…

Peach Payments x Digicape: Powering Premium Apple Experiences with Seamless Payments

By partnering with Peach Payments, Digicape transformed its payment infrastructure into a strategic asset, driving significant growth, enhancing operational efficiency, and providing a better experience for their valued customers.

Peach Payments acquires West-African payments gateway PayDunya

Peach Payments expands into six West African countries representing an exciting chapter in their journey to build a truly pan-African payment ecosystem.

The Battle for Card Security

How Your Payment Integration Defines Your PCI DSS Scope

Navigating International Transactions

Understanding Dynamic Currency Conversion (DCC) and Multi-Currency Pricing (MCP)

Embedded Checkout: Future Proof your Payments Today

With an embedded checkout experience, the payment transaction is completed within the merchant's website or application, without redirecting the user to an external payment provider page.

Seize the Sale with Buy Now, Pay Later

Discover how South Africans are embracing BNPL, and merchants are reaping the rewards.

2024 Wrapped: A Year of Innovation and Growth at Peach Payments

Peach Payments is paving the way for a transformative 2025. From Pay by Bank to Embedded Checkout, explore how we revolutionised payments in 2024

RCS payment option now available through Peach Payments

RCS allows customers to make seamless online purchases with their card, enhancing the overall shopping experience

Peach Payments sees impressive growth this Black Friday Weekend

The Leisure & Entertainment industry grew its share of online sales over the four-day Black Friday weekend by 113% from last year

#PeachFriday Merchant Deals 2024

Check out the amazing Black Friday sales that some of our favourite stores are running!

Your Ultimate Guide to Payment Security for Black Friday

What You Need to Know About PCI DSS 4.x

Scaling with Peach Payments: Unveiling the Product Roadmap

Peach Payments' latest innovations and future plans, emphasising customer-centric solutions and trailblazing advancements in the African payments industry.

Scaling with Peach Payments: Revolutionising Reconciliation

Streamline your transaction reconciliation with Peach Payments' new Recon API, designed for speed, accuracy, and scalability in high-volume operations.

Scaling with Peach Payments: The Future of Payments

Learn how Peach Payments is leading the future of digital payments, by offering the top payment methods consumers are demanding today.

Scaling with Peach Payments: How Peach Payments is Keeping Your Business Safe

A Deep Dive into the Importance of Payment Security and How Peach Payments Ensures Robust Protection.

Scaling with Peach Payments: Insights from the Think Bigger Summit 2024

Discover the impactful journey of Peach Payments innovating payment solutions over the past 12 years, and future plans to empower businesses across Africa.

Peach Payments named Top 100 Fintech Startups by CB Insights

Learn how Peach Payments made the 2024 Top 100 Fintech Startups by CB Insights, recognised for innovation and excellence in financial technology

Peach Payments partners with Sukhiba for conversational commerce

Partnership opens up WhatsApp sales channel for merchants preparing for Black Friday

Key Steps to Ensure PCI DSS v4.0 Compliance

Peach Payments does the heavy lifting, but here's what you need to do

Stricter guidelines. Smarter security

Here’s what merchants need to know about PCI DSS v4.0

Payment Orchestration: Think Bigger with Peach Payments

Discover how Peach Payments' pioneering Payment Orchestration empowers businesses with 99.9% uptime, alternative payment methods, and smart routing.

Peach Payments acquires custom software development firm Operativa

Peach Payments acquires custom software development firm Operativa

Endtoend.mu on expanding customer reach with MCB Juice

Peach Payments' alternative payment method, MCB Juice, has been instrumental in helping Endtoend.mu target a larger audience, making the platform more inclusive and accessible to shoppers from all corners of Mauritius.

The Digital Bloom: How Peach Payments Enabled Bloomable’s Growth

With a focus on quality, community, and customer satisfaction, Bloomable stands out as a pioneer in the online marketplace, transforming the way local florists connect with their customers and compete in the digital landscape.

World Wide Worx 2024 Online Retail Report

The 2024 World Wide Worx report, sponsored by Peach Payments, Mastercard and AskAfrika, reveals that South Africa’s online retail surged to R71 billion in 2023, with projections to exceed R100 billion by 2026. Discover more key findings below to help your business succeed online.

Strategic Borrowing: Maximizing the Impact of Business Cash Advance

Investing in tomorrow: The benefits of business cash advance, and how to tell whether a cash advance is right for your business

Nedbank Direct EFT now available through Peach Payments

Nedbank Direct EFT is now available as a payment option on ecommerce websites that use Peach Payments, a leading South African payment gateway. 

Peach Payments bowled over by the Joburg Super Kings

Peach Payments announces it's sponsorship of the Joburg Super Kings

Peach Payments sees significant growth this Black Friday weekend

South Africa-based digital payments platform Peach Payments shares weekend results

Watch how South Africans are buying on Black Friday

Peach Payments today launches its Black Friday Dashboard live on its website

#PeachFriday Merchant Deals

Check out the amazing Black Friday sales that some of our favourite stores are running!

A four-point checklist to beat the Black Friday business blues

Paying attention to a few essential measures can ensure a positive overall shopping experience.
If transactions were all that mattered, you'd only need a payment gateway.

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