Payfast Wallet is the digital wallet service by PayFast. The Payfast wallet works similar to PayPal: upon online or mobile checkout consumers are able to open their virtual wallet and select their preferred payment method (creditcard or alternative payment method). Contrary to PayPal, users are not able to upload money into their Payfast Wallet (no balance within the digital wallet).
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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Payfast Wallet is the digital wallet service by PayFast. The Payfast wallet works similar to PayPal: upon online or mobile checkout consumers are able to open their virtual wallet and select their preferred payment method (creditcard or alternative payment method). Contrary to PayPal, users are not able to upload money into their Payfast Wallet (no balance within the digital wallet).
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