Popular Fintech launches online payment Gateway for small businesses

2022-01-14 07:57:00 AM

[Promoted] Popular Fintech launches online payment Gateway for small businesses

Business, Technology

[Promoted] Popular Fintech launches online payment Gateway for small businesses

In 2020, the South African ecommerce market grew by 66% and is now expected to be valued at R225 billion by 2025.

Click here to learn more on iKhokha’s payment Gateway.For context, one of South Africa’s largest payment gateways charges 3.5% (excl. VAT) per transaction. They then charge a further R8.70 per payout when a merchant transfers money to their bank account. Again, excluding VAT.

To a small business owner navigating the daily uncertainties of running a businesses, these online payment methods may not be worth it. As a result, small businesses are missing out on a rapidly growing market.But not all financial service providers are leaving these businesses to fend for themselves. iKhokha has stepped in with an online payment solution to help small businesses thrive.

Read more: BusinessTech »

WATCH LIVE: SpaceX to launch South African MDASat-1 satellite constellation into orbitSpaceX's launch will cement South Africa's position as an African leader in small satellite development. Here's how.

Kruger included in TikTok top 10 of world’s most popular national parksThe Kruger National Park is the ninth most popular national park in the world on TikTok. ALETTAHA Only 9th?

Kruger included in TikTok top 10 of world’s most popular national parksThe Kruger National Park is the ninth most popular national park in the world on TikTok.

New small cap play to debut on AltX after B&B Media buys out Imbalie BeautyThe targeted company will transfer its assets into a new privately held vehicle called iBloom To make it all easy to your understanding,, it's based on investment whereby you're given the opportunity to make investment with a minimum amount and you get returns from a weekly trade carried out in the platform... ASK ME HOW

MONEY LIVE | Rand jumps to strongest level in weeks as Powell soothes policy fears | Fin24MONEY LIVE | Rand jumps to strongest level in weeks as Powell soothes policy fears.

MONEY LIVE | Steinhoff's European subsidiary The Pepco Group opens 146 new stores | Fin24MONEY LIVE | Steinhoff's European subsidiary The Pepco Group opens 146 new stores -

Established online payment providers have always tailored their offerings to bigger businesses, making it difficult for small businesses to make a mark online.Competitions LOCAL NEWS ","category_class":"child-of-news","time_ago":"20 mins ago","premium":false,"gallery":false,"excerpt":"By the time the nurses attended to the four-month-old baby, her health had deteriorated, which resulted in her death.This is according to research by travel specialists .1 year ago The Yellowstone National Park is in top spot at 630-million views.

Click here to learn more on iKhokha’s payment Gateway. For context, one of South Africa’s largest payment gateways charges 3.citizen.5% (excl. The Yellowstone National Park is in top spot at 630-million views. VAT) per transaction.za\/news\/south-africa\/government\/2960613\/tshwane-lottery-recruitment-system-prevent-corruption-jobs\/","image_src":"https:\/\/media. They then charge a further R8. “This park is one of the most inhospitable on our list, with temperatures often dipping below 0ºC.

70 per payout when a merchant transfers money to their bank account.co.7-million views. Again, excluding VAT. To a small business owner navigating the daily uncertainties of running a businesses, these online payment methods may not be worth it.jpg","image_src_hero":"https:\/\/media. As a result, small businesses are missing out on a rapidly growing market. It lies close to the Arctic Circle, making it an unpopular choice of park for many and leading to its low number of views,” said the researchers. But not all financial service providers are leaving these businesses to fend for themselves.co.

iKhokha has stepped in with an online payment solution to help small businesses thrive. According to Andrew Roy, Product Manager at iKhokha, the mandate was given to bring the product to market under tight timelines to enable more small businesses to participate in this thriving digital economy.jpg","image_src_narrow":"https:\/\/media. “We wanted to provide our merchants with online and offline payments, so they can process payments for all facets of the business under one iKhokha umbrella,” says Roy. The result is – a planned stable of online payment solutions for small businesses.co. The first of the iK Pay Online products – the iKhokha Payment Gateway – recently launched out of beta and is already processing a quarter of a million Rand per month in merchant transactions.

WooCommerce and WordPress users now have free access to iKhokha’s WordPress payment gateway.jpg","image_src_square":"https:\/\/media. As with their card machines, iKhokha charges no monthly rental fees, offers no contracts and charges no setup costs for their product. Even better news for small businesses is that iKhokha has set their transaction rates at 2.co.85% (excl. VAT) – the lowest starting rate in Africa – with a nominal settlement fee of R2.jpg","category":".

50 per payout. While this payment gateway provides more realistic margins for small businesses, iKhokha plans to release a series of products into the iK Pay Online stable. “This is part of a larger ecommerce strategy. It’s the first in a series of products that we’ll build out over the next five years to make it easier for small businesses to succeed online,” says Roy. For more on iKhokha’s payment Gateway, please visit .