More SA shoppers embrace online shopping
JOHANNESBURG, (CAJ News) – FIRST National Bank reported a continuous growth in online shopping spending by its credit card holders.
According to the bank, January 2015 statistics reveal that online shopping
now accounts for 12 percent of total credit card purchases, representing a
7 percent increase from the same period in 2014.
The majority of these online transactions, 36 percent, were done on online
retail and entertainment websites followed closely by professional
services such as school fees, university fees, and professional-membership
“An increasing shift suggests that South Africans are realising the
convenience that online shopping offers.
“The desire to view products in store is quickly being overtaken by the time it saves to select and order items online,” says Chris Labuschagne, Chief Executive Officer of FNB Credit Card.
He says it is expected that online shopping will grow exponentially in the
“We encourage consumers to make use of the value that shopping online with credit cards offer,” says Labuschagne.
– CAJ News
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