Company Overview
PayFast was founded in 2007, headquartered in South Africa, and is the country's leading online payment gateway provider, focused on delivering localized payment solutions for the South African e-commerce market.
Related Providers: payfast
Core Products
- Payment Gateway: Credit card, debit card, and EFT (electronic funds transfer) online payment processing
- Instant Payments: Mobile wallet and mobile payment support
- Subscription Billing: Recurring payment and subscription management features
Key Strengths
South African Market Leader: One of the largest local payment gateways
Local Payment Coverage: Supports major South African bank cards and EFT
Easy Integration: Plugins covering major e-commerce platforms
Milestones
- 2007: Founded in South Africa
- 2010s: Became South Africa's leading online payment gateway
- 2026: Continues to provide payment solutions for South African e-commerce
Market Position
PayFast competes in the South African payment market with:
- Flutterwave: A major player in the African payment space
- Paystack: Competes in the African payment market
- Stripe: Provides alternatives for cross-border payments
