A Standard Bank customer spent R450,010 in one transaction on Black Friday this year, while another managed to process 79 transactions during the sales.

Further data revealed that FNB saw Black Friday spending increase by 19% this year, while Standard Bank noticed a rise of 17% in transactions during the sales event.

The average value per Standard Bank transaction rose by 13% over the same period in 2020.

In addition to sales growth, Standard Bank said that the use of contactless payments more than doubled year on year.

“This feature is increasingly popular simply because it makes the process of paying with your card much quicker,” Nelisa Zulu, Head of Card and Payments at Standard Bank, said.

“We experienced no disruption and were able to seamlessly manage transaction volumes of up to 460 transactions per second.”

FNB saw transactions for November as a whole increase by 25% when compared to 2020.

“Our stats also show heightened shopping activity beyond Black Friday, with transactions for the month of November up 25% compared to the same month in 2020,” Jacques Celliers, CEO at FNB, said.

“With more shopping activity expected during Cyber Monday, we encourage our customers to continue using their eBucks to stretch their wallets as they have done over the last 20 years.”

“South African consumers have been hard-pressed in the past year-and-a-half, but we have seen an increase in volume and value spent over this time when compared to last year,” Zulu said.

https://mybroadband.co.za/news/black-friday/425274-one-black-friday-shopper-blew-r450000-in-a-single-transaction.html/amp

Do you think this shopper planned to spend all this money? It too much for one time shopping