A Modern Payments System Starts With Choice
- The PayInc Cash Index indicates that cash supply has eased, but demand for cash remains steady for lower-value transactions.
- Many South Africans instinctively switch between cash and digital payments based on convenience and familiarity.
- Independent ATM operators and retailers offering cashback are becoming essential access points for cash in communities.
The ongoing evolution of payment methods in South Africa underscores the importance of flexibility and consumer choice. As both cash and digital payments continue to coexist, businesses must adapt to meet the diverse needs of their customers, ensuring that all payment options remain accessible and reliable.
