South Africa-For those living in South Africa and working online, sending and receiving money over the Internet has been a real challenge. PayPal only allows locals to send funds but not withdraw any. This limited option effectively prevents South Africans from accepting credit cards and PayPal.Most people there are using e-gold or Pecunix and they cringe at even the mention of PayPal. However, unhappy as they may sound, I think they would all add PayPal given that option and now its on the way. PayFast will soon be a new online payment system for South Africa.Late this year or early 2008 S. African locals won’t have to worry about sending, receiving or withdrawing their online funds because PayFast will allow proper e-commerce for all of South Africa. You will find their ‘teaser’ index page at www.payfast.co.za and on it you can also sign up for an information update as their new system become live.“PayFast is a payments processing service for South Africa similar in offering to PayPal. Using PayFast will be free for personal users and merchants will only pay a low per transaction fee to receive payments. There are no monthly fees!”PayFast is the brainchild of Jonathan Smit a confessed technophobe living in S. Africa. Jonathan is also an Electronic/Computer engineer and was so kind to write to me these past few days.source:digitalmoneyworld.com
