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South Africa’s Takealot Now Accepting Bitcoins

by Sam Wakoba
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takealotSouth Africa’s online retailer, is now accepting Bitcoins after it signed a deal with PayFast, a payments processing service for over 30,000 South African merchants that enables easy, secure and instant transfer of money between online buyers and sellers.



After selecting an item, customers interested in buying with bitcoins will go to Instant EFT then follow the procedure listed. This comes few days after PayFast announced the move that it will be integrating bitcoins as a payment option for its over 30,000 merchants in the country.

For customers buying in bitcoins, the firm will list the price in bitcoin but equivalent to the Rand and takealot will also receive payments in Rands.

In May, raised $100 million from Tiger Global in an expansion move in South Africa and sub-Saharan Africa. The firm sells DVD’s, Games, Music and Books to lifestyle categories like Home and Kitchen, Baby and Toddler, Health and Beauty and Sport and runs its own warehouses in Cape Town and Johannesburg plus has the advantage of running its own logistics with the purchase of a majoristy stake Mr. Delivery.

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