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Mastercard works with Zambian fintech to expand financial inclusion
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
81% de los argentinos está más abierto a utilizar nuevos métodos de pago
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Crecimiento continuo para los dispositivos sin contacto
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A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee.
A yearly subscription is refundable within 14 days of purchase and includes a 365-day membership.
This is revealed in a new research study published on Wednesday by World Wide Worx.
The report, titled Online Retail in South Africa 2021, is backed by Mastercard, Standard Bank and Platinum Seed.
Big numbers
Arthur Goldstuck, MD of World Wide Worx and principal analyst on the research project, says the total online sales figure of around R30.2 billion locally last year is more than double that of 2018 (R14.1 billion).
May 6, 2021
As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping.
As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced e-commerce and explored the potential of new ways to pay.
More than a year later, research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow.
The Mastercard New Payments Index shows 95% of South African consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless or QR code in the next year.