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Within the South African environment, rising levels of cybercrime and fraud have put a damper on the trust levels of online shoppers.
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Companies will not disclose value of the deal, but there is no doubt that the country’s digital credit space will be impacted.
The virtual credit solutions provider for online merchants signs up over 150 stores a month, as more customers look to online credit offerings.
Mobicred experiences exponential growth since 2013, receiving close to 10 000 applications per month.
