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Annual value of credit card purchases processed by banks in South Africa from 2019 to 2024 (in million South African rand)

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Source

Release date

June 2025

Region

Africa, South Africa

Survey time period

2019 to 2024

Supplementary notes

The currency conversion rate was as of July 9, 2025, at 1 USD=17.79 ZAR.

According to the source, banks refer to those licenced with the Banks Act No. 94 of 1990, encompassing institutions such as former banks, discount houses, and equity building societies.


Citation formats

Annual value of credit card transactions processed by banks in South Africa 2019-2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Jul 18, 2025

As of 2024, credit card purchases in South Africa reached around *** billion South African rand, roughly billion U.S. dollars. In 2019, the value of credit card purchases stood at nearly *** billion South African rand. Online transactions by credit card was the most prevalent payment method in the country in 2022. 

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