Promoted | iKhokha’s growing e-commerce offering creates big opportunities iKhokhaSA
South Africa is expected to experience significant growth in 2023 as more and more consumers turn to online shopping to purchase goods and services.
This growth can be attributed to the increasing popularity of smartphones and the growing number of South Africans who have access to the Internet.According to Statista, South Africa’s Internet penetration rate is predicted to reach 82% in 2023 and will continue to grow in the coming years. A survey by the National Small Business Chamber found that the biggest challenges faced by small businesses when it comes to e-commerce are the high costs of setting up an online store , the lack of knowledge about how to set up and run an online store and the lack of trust in online payments .
iKhokha also offers one of the lowest starting transaction rates on the continent, starting at 2.85% excluding VAT. This competitive rate helps small businesses put more money in their pocket during a critical time in their online business journey.. Using this feature on the iKhokha app, business owners can send payment links via e-mail, WhatsApp and social media.
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