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Africa still prefers cash when it comes to payments

Africa still prefers cash when it comes to payments
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The cashless world will kill our income : Digital payments threaten South Africa s informal economy

Customers are increasingly drawn to the convenience, safety and hygiene of tapping a card or scanning a QR code in post-Covid, crime-ridden South Africa.

South africaWestern capeSouth africanSouth africansPricewaterhousecoopers pwWikimedia commonsLebogang ramathokaThomas nhassaveleChantal maritzMichael thomsonUniversity of johannesburgFirst national bankWorld bankRosebank mallRosenfeld mediaWorld economics

FEATURE | Will South Africa s street vendors go bust in a cashless world?

Digital payments are on the rise in South Africa. But the many people without mobile phones and bank accounts are excluded.

South africaWestern capeSouth africanSouth africansPricewaterhousecoopers pwLebron jamesLebogang ramathokaThomas nhassaveleKanye westChantal maritzMichael thomsonUniversity of johannesburgFirst national bankWorld bankThomson reuters foundationRosebank mall

Will South Africa s street vendors go bust in a cashless world?

If there are no coins to give I fear we will struggle.

South africaWestern capeSouth africanSouth africansPricewaterhousecoopers pwLebogang ramathokaThomas nhassaveleChantal maritzMichael thomsonUniversity of johannesburgFirst national bankWorld bankThomson reuters foundationRosebank mallWorld economics

Will South Africa s street vendors go bust in a cashless world?

Buskers, fuel station attendants and other workers who rely on loose change for income are losing out as electronic payments grow.

South africaWestern capeSouth africanSouth africansPricewaterhousecoopers pwLebogang ramathokaThomas nhassaveleChantal maritzMichael thomsonUniversity of johannesburgFirst national bankWorld bankThomson reuters foundationRosebank mallWorld economicsThomson reuters

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