SID enables merchants to reach new customers. Since 2007, merchants have seen an increase of up to 25% in online revenues by offering SID as an additional/alternative payment option. Merchants also benefit from SID's significant savings on transaction fees when compared to traditional credit card fees. With SID, merchants are able to reduce risk and maximise profit by eliminating payment dishonours and chargebacks. These are all critical factors to the success of an online merchant.

SID is a Setcom company. Founded in 1999, Setcom (Pty) Ltd has extensive experience in processing and managing payment transactions. Businesses such as Fly Mango, Interflora and Independent Newspapers count on us to provide a 24/7 enterprise-class infrastructure. Driven by an entrepreneurial spirit, we are the first to market with innovative products. In 2004, we launched the first person-to-person payment service in Africa. Today MonsterPay services more than 35,000 customers around the world. In 2007, we launched POLi, a product that uses customers’ Internet Banking to make real-time payments to merchants. SID replaced POLi in 2009 with improved security and features. Forthcoming products include RevoPIN, which enables PIN-debit cards to be used for purchasing on the Internet and mobile phones.

Today, Setcom is recognised as a pioneer and innovator of online payments.