Why South Africans still cling to cash
a mature banking sector as well as innovative fintech solutions on offer to the public, but cash is still king in Mzansi.
We’re very passionate about moving people away from cash considering how inefficient and unsafe it can be Another factor that limits the fluid exchange of digital currency is the cost of transactions. Although charges have come down significantly in recent years, customer experience of high charges in the past has created a degree of mistrust in the financial system among some people.
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