Corporate profile – Lyle Eckstein, Co-Founder and Tech Lead at i-Pay

As tech lead and co-founder of i-Pay, Lyle Eckstein has always had a penchant for problem-solving. He fell in love with software development in high school and the rest, as they say, is history.

Eckstein completed his BSc IT degree at RAU (now the University of Johannesburg) in 2005, and subsequently worked as a developer for several organisations including Telesure Technology Solutions, 3fifteen, and the Innovation Group South Africa.

He used this experience to refine his development skills and co-founded a company with childhood friend Mitchan Adams to develop custom solutions for small businesses. There, he gained experience in the e-commerce platforms and payment solutions that were available to South African merchants.

In 2014, the two of them joined forces with Thomas Pays to launch i-Pay to focus on simplifying payments for customers and merchants not only in South Africa but globally. The company was a finalist at the 2017 FNB Innovation Awards.

Fast forward to the present day and i-Pay is leading the charge towards the adoption of alternative payment solutions. Its recent performance during Black Friday in South Africa reinforced the importance of having a secure, reliable, and accessible alternative payment solution for online customers. This is reflective in how the rand value from sales grew by more than a thousand percent this year over 2016 figures.

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