In the piece Nomvula Nyandeni, Business Development Lead at Pay@ discusses how innovative thinking and cross-sector collaboration are needed to ensure that appropriate financial services, and instruments are put in place for the benefit of lower living standards measure (LSM) groups.
By Barry Williams, Sales & Marketing Head and Clinton Leask, Business Development Lead at Pay@ In 2017, only 35 percent of the African population had access to banking services and this figure was projected to increase to 48 percent in 2022.1 The South African National Payments System (NPS) is regarded as world-class,2 as the banked population rose from
Municipal Payments Essential for South Africa s Future Cities – AfricaBusiness com africabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africabusiness.com Daily Mail and Mail on Sunday newspapers.
Small and Medium-sized Enterprises (SMEs) have long been hailed as the lifeblood of the economy. Now, in the wake of the COVID-19 crisis, they are critical for its recovery. Not only do they contribute 35-50% of national GDP globally, they also drive over two-thirds of new job creation
[i]. Ultimately, the more SMEs succeed, the better our economy performs. However, their success – and survival – hinges largely on cash flow management.
This is according to Francois Hamer, Business Development Lead at Pay@ – a leading payment aggregator and provider of secure payment solutions.
With cashflow management being the reason why 82% of small businesses fail