Payfast Evolves to Network International

In a significant move, the trusted name in online ecommerce payments, Payfast has undergone a transformation to become ‘Payfast by Network,’ aligning itself with Network International’s extensive suite of payment solutions while preserving the renowned Payfast experience.

David Adams, the Southern Africa Regional Managing Director at Network International, affirms: “Our partners, merchants, and consumers can anticipate the same unparalleled payment experience with the ‘Payfast by Network’ ecommerce solution. This transition enables us to leverage a broader range of resources to deliver innovative, top-tier products and services, empowering South African businesses to thrive.”

Since its inception in 2007, Payfast has been the go-to provider of swift and secure ecommerce payment solutions in South Africa. Following its acquisition by Network International in 2021, Payfast has been integrated into the Network International brand, heralding a new era of digital payment solutions in the region.

Mpho Sadiki, the Group Managing Director for Merchant Services in Africa (excluding Egypt) at Network International, emphasizes: “At Network, our focus is on delivering a seamless payment experience that enables merchants across Africa to offer their customers the quickest, most seamless checkout process imaginable.” Leveraging Network International’s extensive ecosystem of global expertise and resources, the company is committed to ensuring a wide array of payment methods accessible to consumers, whether they are shopping online or in-store.

With over 30 years of experience, Network International has been at the forefront of driving the transition from cash to digital payments across the Middle East and Africa. Currently serving more than 120,000 merchants and over 200 financial institutions and fintech customers in 50 countries, Network International is the sole pan-African digital payments player with a presence in over 40 countries, including key markets such as South Africa, Egypt, Kenya, and Nigeria.

Network International’s commitment to South African businesses is underscored by its local presence and deep understanding of the local economy. “Payments is inherently local, and addressing the unique challenges of the South African market requires a localized approach,” asserts Adams. By maintaining a robust local team and establishing a strong foothold in the region, Network International aims to deliver world-class, tailor-made solutions to meet the evolving needs of South African businesses.