PayU offers Pick n Pay online shoppers a faster way to pay

One of Africa’s largest and most successful retailers, Pick n Pay, has launched its new online store. The online store offers customers a chance to purchase groceries, fresh produce and selected general merchandise from the comfort of their home. Enhancing the convenience for Pick n Pay’s online shoppers is the country’s leading online payment service provider, PayU. In addition to DStv BoxOffice and, PayU is now also a payment method on Pick n Pay’s online store.

The payment method is available in all South African regions and is a convenient, fast and safe way to pay for purchases made on the online store.

PayU allows the customer to store multiple credit card details for future purchases and speed through checkout. It is free to use with no sign up, monthly or transaction fees.

“As a payment method, PayU enables secure transactions online. With the increase in registered PayU users, it is evident that the South African public is recognising that we are making their online shopping experience much faster and convenient,” says Mark Chirnside, CEO of PayU.

“To use PayU, a consumer merely needs to link his or her various cards – and simply look out for the PayU logo when paying online,” said Chirnside.

Mike Cotterell Head of Online Shopping at Pick n Pay said, “The partnership with PayU contributes to giving our customers a wider range of payment options for their online shopping. We are constantly seeking ways to make our online shopping experience the best it can be, and customers can now use their smart shopper points against their online spend.”

According to the Internet Economic Impact Study conducted by World Wide Worx e-commerce is growing at a rate of around 30 percent a year, with the growth showing no signs of abating. The future growth will be stimulated with major consumer brands and chains following the lead and devising comprehensive online retail strategies.

The study also states that the total spent on online retail goods in South Africa in 2010 passed the R2-billion mark for the first time, growing by 30 percent to reach R2.028-billion. In 2011, this high growth rate was maintained, with a further 30 percent increase, to R2.636-billion.

At an average growth of around 8 percent a year, the Internet economy can be expected to reach R79-billion by 2015, contributing close to 2.4 percent of South Africa’s GDP. Equally significant, it will contribute 5.71 percent to the growth rate of GDP.

Chirnside concludes, “Our aim with the various PayU products such as the PayU wallet is to enhance and guarantee payment security while providing a more convenient, hassle-free online shopping experience for our users. This consumer confidence will play an integral role in the current rise of the Internet economy, which has proven to be a key component of the South African economy.”