Bidorbuy acquires stake in PayFast

Posted on Aug 17, 2010

Bidorbuy acquires stake in PayFast

Staff Writer MyBroadband | 16 August, 2010
Bidorbuy.com, a Delaware Company and the parent of bidorbuy.co.za, has acquired a 33% stake in South African online payment solution, PayFast.

Jaco Jonker, CEO of bidorbuy.co.za, says that the acquisition is a natural progression for bidorbuy: “Online payments are critical in ecommerce and bidorbuy is committed to growing all aspects of online commerce in South Africa. Online payment solutions are an integral part of any transactional based website,” he adds.

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