Payment methods in South Africa

Statistics report on payment methods in South Africa

Payment methods in South Africa

This report provides information on payment methods in South Africa. First, it provides a regional overview on banking and payments in Africa. Following this, it focuses on cash, cashless, card, contactless, mobile, and internet payments. Lastly, it covers payment behavior of South African consumers.

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Table of contents

Regional overview

6
  • Premium Forecast Population share with banking account in Africa 2014-2029
  • Premium Statistic Most popular online payment methods in 5 countries in Africa 2022
  • Premium Statistic Mobile money transactions in Africa 2020-2022
  • Premium Statistic Total number of instant payment systems (IPS) in Africa 2023, by country
  • Premium Statistic Number of users of e-commerce in Africa 2019-2029
  • Premium Statistic Revenue growth from electronic payments in Africa 2020-2025

Banking and instant payments

5
  • Premium Forecast Penetration rate of banking accounts in South Africa 2014-2029
  • Premium Statistic Bank account penetration rate in South Africa 2011-2021
  • Premium Statistic Instant and non-real-time EFT fees in South Africa 2023, by bank and transaction type
  • Premium Statistic PayShap transfer fees in South Africa 2023, by bank and transaction size
  • Premium Statistic Main attractive benefits for consumers opening a bank account in South Africa 2022

Cash and card payments

6
  • Premium Statistic Currency in circulation from the South African Reserve Bank in South Africa 2019-2023
  • Premium Statistic Banknotes in circulation from SARB in South Africa 2020-2023
  • Premium Statistic Coins in circulation from the South African Reserve Bank in South Africa 2020-2023
  • Premium Forecast Penetration rate of debit cards in South Africa 2014-2029
  • Premium Forecast Penetration rate of credit cards in South Africa 2014-2029
  • Premium Statistic Most used in-store (POS) payment methods South Africa 2017-2023, with 2027 forecast

Mobile and internet payments

7
  • Premium Statistic Share of people using online banking in South Africa 2022, by gender
  • Premium Statistic Mobile money account ownership rate in South Africa 2024, by gender
  • Premium Statistic Quarterly adoption of mobile payments at POS in South Africa 2018-2024
  • Premium Forecast Mobile payments by situation in South Africa 2022
  • Premium Statistic Quarterly Samsung Pay penetration, online or offline, in South Africa 2020-2024
  • Premium Statistic Quarterly Google Pay penetration, online or offline, in South Africa 2020-2024
  • Premium Statistic Quarterly PayPal penetration, online or offline, in South Africa 2020-2024

Payment behaviour

7
  • Premium Forecast Most common online payments by type in South Africa 2024
  • Premium Forecast Peer-to-peer payments in South Africa 2023
  • Premium Forecast Payments at points of sale by type in South Africa 2024
  • Premium Statistic Share of people making digital payments in South Africa 2024, by gender
  • Premium Statistic Digital payment adoption in South Africa 2022
  • Premium Statistic Top digital payment methods in South Africa 2022
  • Premium Statistic Share of Buy Now, Pay Later (BNPL) users in South Africa 2022
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