Wirecard is now in South Africa after its digital payment product, SecureEFT, was introduced.

Thanks to the payment service from Wirecard South Africa consumers will be able  to make online payments directly into a bank account.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Besides facilitating transactions, the service is said to provide real-time notifications to customers during payments.

 

The service is expected to increase merchants’ online sales by up to 30%, Wirecard said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Wirecard South Africa general manager Hannalie Marsh said: “Instant notification of successful payment means goods and services can be released or delivered real-time by the merchant – they know instantly that they have been paid.

“As a result we have seen an up to 30% higher conversion rate with some merchants using our EFT solution.”

Wirecard’s payment page can be integrated into the merchant website easily without requiring any additional coding.

“Our product offers a simple three-step payment process, which includes faster check-out speeds – about eight seconds versus around 20 seconds previously regarded as the industry norm. Wirecard is one of the biggest players in payments in South Africa and people trust our brand. We are looking forward to further digitising payment processes to generate more added-value for merchants and end-consumers,” Marsh added.