South Africa’s Takealot Now Accepting Bitcoins

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Sam Wakoba
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takealotSouth Africa’s online retailer, takealot.com 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.

 

 

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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, takealot.com 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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Sam Wakoba
Sam Wakoba
http://techmoran.com
Based in Nairobi, Kenya, Sam is a pan-African technology journalist, author, entrepreneur, technology business mentor, judge, educationalist, and a sought-after speaker and panelist across Africa’s innovation ecosystem. He is the convenor of the popular monthly #TechNight evening event and the #StartupEast Awards and Conference, platforms that bring together startup founders, developers, entrepreneurs, investors, content creators, and tech professionals from across the continent. For more than 16 years, Sam has reported on and analysed Africa’s technology landscape, covering some of the continent’s most impactful, and at times controversial policies, programs, investors, co-founders, startups, and corporations. His work is known for its independence, depth, and fairness, with a singular goal of helping build and strengthen Africa’s nascent technology ecosystem. Beyond journalism, Sam is a business analyst and consultant, working with brands, universities, corporates, SMEs, and startups across East Africa, as well as international companies entering the East African market or scaling across Africa. In his free time, he volunteers as a consulting editor and fintech analyst at Business Tech Kenya, a business, technology, and data firm that publishes reports, reviews, and insights on business and technology trends in Kenya. Follow him on X: @SamWakoba
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