Africa’s SMEs need money saving options


Sage Pay, a provider of payment solutions to small and medium-sized companies in South Africa, has announced that they will not be increasing any of their fees until September 2014.

“Business owners are continuously looking for solutions that are flexible, mobile and saves them money. In this way they can focus on growing their business and directing their energies towards important focus areas such as improving sales and marketing strategies, as well as their most significant challenges,” says Charles Pittaway, Sage Pay Co-founder and Managing Director.

In a survey conducted by the National Small Business Chamber (NSBC) in September 2013, 16 450 small to medium entrepreneurs (SMEs), sited poor sales, access to finance and competing with large business as the most significant challenges of 2013. With a growth of 41% of start-ups and emerging entrepreneurs in the last five years, lack of understanding of new technologies, IT capacity limitations and limited IT budget are further tests SMEs face.

Our hosted cloud transactional solution keeps costs down for businesses because they can process various transactions from one secure online account. These include salary and creditor payments, debit order collections, credit card gateway transactions and credit data solutions. A minimal once off set up fee is required and customers only pay for services they use.

“SMME businesses have limited resources for complex payment systems and they want flexible, integrated online solutions that can cater for mobility and that will also allow them savings in time and cost. Our solutions at Sage Pay caters for the specific needs of these businesses and the option of choice in the end save them money. We also have competitive transaction fees, and an easy to use online platform that allows business owners to manage their business transactions from anywhere at any time,” concludes Pittaway.


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