{"id":287678,"date":"2018-11-28T10:46:15","date_gmt":"2018-11-28T08:46:15","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=287678"},"modified":"2018-11-28T10:46:15","modified_gmt":"2018-11-28T08:46:15","slug":"r6-million-the-biggest-single-transaction-on-black-friday-2018","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/287678\/r6-million-the-biggest-single-transaction-on-black-friday-2018\/","title":{"rendered":"R6 million – the biggest single transaction on Black Friday 2018"},"content":{"rendered":"

Online sales for Black Friday and Cyber Monday 2018 exceeded figures for 2017, according to BankservAfrica, Africa\u2019s largest automated payments clearing house.<\/p>\n

The group said that it processed a total of 581,189 online transactions over the weekend, with\u00a0404,594 online transactions recorded on Black Friday (a 55% growth on 2017 ‘s 260,552 transactions) while Cyber Monday hit 176,595\u00a0 transactions – up 36% from 2017 (129,458).<\/p>\n

The most expensive transaction for Black Friday was over R6 million, while for Cyber Monday this reached R5 million.<\/p>\n

South Africans also took to online shopping earlier for Black Friday peaking at 08h00 \u2013 09h00 , while Cyber Monday shoppers started a bit later at 10h00 \u2013 11h00.<\/p>\n

The average number of transactions per minute peaked at 695 on Black Friday, and averaged at 281 per minute on the day.<\/p>\n

Cyber Monday was less active, peaking at 277 transactions per minute and averaging 125 per minute for the day.<\/p>\n

“This year\u2019s Black Friday and Cyber Monday figures surpassed 2017\u2019s with more South Africans taking to online to do their transactions,” said Martin Grunewald, executive head: Payments Business at BankservAfrica.<\/p>\n

“The year-on-year growth certainly reflects the growing popularity of these major shopping days despite the tougher economy experienced.”<\/p>\n

\n

Read: How Black Friday has turned into Black November in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Online sales for Black Friday and Cyber Monday 2018 exceeded figures for 2017.<\/p>\n","protected":false},"author":10,"featured_media":212011,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[12671,26],"class_list":["post-287678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-bankserv-africa","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/287678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=287678"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/287678\/revisions"}],"predecessor-version":[{"id":287688,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/287678\/revisions\/287688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/212011"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=287678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=287678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=287678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}