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Store Cards in South Africa

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    Report

  • 22 Pages
  • January 2026
  • Region: South Africa
  • Euromonitor International
  • ID: 1573196
Store cards are considered an extremely popular form of credit and payment in South Africa, with consumers attracted by flexible repayment options, instant credit decisions, as well as exclusive perks. Major online payment processors have continued to integrate retail store cards as a payment option throughout the review period.

This Store Card Transactions in South Africa report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Store Card Transactions market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2025 DEVELOPMENTS
  • Store cards remain very popular in South Africa
INDUSTRY PERFORMANCE
  • Store cards continue to display modest growth supported by economic improvements
  • Omnichannel integration and digital engagement improves store card appeal
WHAT’S NEXT?
  • Store cards set to experience steady growth, even as BNPL emerges
  • Buy Now Pay Later will continue to revolutionise the retail credit market
  • Retailers will look to innovate product features and utilise technology and digital adoption
COMPETITIVE LANDSCAPE
  • Truworths International and The Foschini Group lead store cards
  • Payment gateways and store card alliances becoming common practice
CATEGORY DATA
  • Table 1 Store Cards: Number of Cards in Circulation 2020-2025
  • Table 2 Store Cards Transactions 2020-2025
  • Table 3 Store Cards in Circulation: % Growth 2020-2025
  • Table 4 Store Cards Transactions: % Growth 2020-2025
  • Table 5 Store Cards: Number of Cards by Issuer 2020-2024
  • Table 6 Store Cards: Payment Transaction Value by Issuer 2020-2024
  • Table 7 Forecast Store Cards: Number of Cards in Circulation 2025-2030
  • Table 8 Forecast Store Cards Transactions 2025-2030
  • Table 9 Forecast Store Cards in Circulation: % Growth 2025-2030
  • Table 10 Forecast Store Cards Transactions: % Growth 2025-2030
COUNTRY REPORTSFINANCIAL CARDS AND PAYMENTS IN SOUTH AFRICA
EXECUTIVE SUMMARY
  • Digital evolution brings innovation to financial cards and payments
KEY DATA FINDINGS
INDUSTRY PERFORMANCE
  • Lower interest rates support uptick in consumer confidence
  • Digital technologies continue to transform consumer banking services
  • South African Reserve Bank opens national payment system to fintechs under new regulations
  • Postbank continues to encounter challenges with SASSA terminating their contract
WHAT’S NEXT?
  • Bright outlook for the evolving financial cards and payments industry
  • Retailers and foreign banks will reshape the competitive landscape
COMPETITIVE LANDSCAPE
  • Digital-first brands make a play in highly competitive landscape
  • Visa and Mastercard remain dominant card operators
  • Consolidation marks period of strategic expansion amid fintech integration
MARKET INDICATORS
  • Table 11 Number of POS Terminals: Units 2020-2025
  • Table 12 Number of ATMs: Units 2020-2025
  • Table 13 Value Lost to Fraud 2020-2025
  • Table 14 Card Expenditure by Location 2025
  • Table 15 Financial Cards in Circulation by Type: % Number of Cards 2020-2025
  • Table 16 Domestic versus Foreign Spend 2025
MARKET DATA
  • Table 17 Financial Cards by Category: Number of Cards in Circulation 2020-2025
  • Table 18 Financial Cards by Category: Number of Accounts 2020-2025
  • Table 19 Financial Cards Transactions by Category: Value 2020-2025
  • Table 20 Financial Cards by Category: Number of Transactions 2020-2025
  • Table 21 Consumer Payments by Category: Value 2020-2025
  • Table 22 Consumer Payments by Category: Number of Transactions 2020-2025
  • Table 23 M-Commerce by Category: Value 2020-2025
  • Table 24 M-Commerce by Category: % Value Growth 2020-2025
  • Table 25 Financial Cards: Number of Cards by Issuer 2020-2024
  • Table 26 Financial Cards: Number of Cards by Operator 2020-2024
  • Table 27 Financial Cards: Card Payment Transactions Value by Operator 2020-2024
  • Table 28 Financial Cards: Card Payment Transactions Value by Issuer 2020-2024
  • Table 29 Forecast Financial Cards by Category: Number of Cards in Circulation 2025-2030
  • Table 30 Forecast Financial Cards by Category: Number of Accounts 2025-2030
  • Table 31 Forecast Financial Cards Transactions by Category: Value 2025-2030
  • Table 32 Forecast Financial Cards by Category: Number of Transactions 2025-2030
  • Table 33 Forecast Consumer Payments by Category: Value 2025-2030
  • Table 34 Forecast Consumer Payments by Category: Number of Transactions 2025-2030
  • Table 35 Forecast M-Commerce by Category: Value 2025-2030
  • Table 36 Forecast M-Commerce by Category: % Value Growth 2025-2030
COUNTRY REPORTS
SOURCES
  • Summary 1 Research Sources