Founded in 2007 by parent company Setcom (Pty) Ltd, SiD Secure EFT (Secure Instant Deposit) was developed to provide a safe and convenient alternative to credit card payments for online transactions in South Africa. The service facilitates instant Electronic Funds Transfers (EFT) by linking the customer's internet banking profile to the merchant's website, enabling real-time payment confirmation without the need for a credit card. Its mission is to make online payments accessible, easy, and highly secure for all South Africans, thereby helping merchants increase sales by catering to customers who prefer not to use or do not have credit cards.

Founded in

South Africa