Fintech Partnership Bridges South Africa’s Cash to Digital Gap
- Since 2011, bank account ownership in sub-Saharan Africa has more than doubled.
- 49 percent of adults in sub-Saharan Africa now own a bank account.
- Almost 4 million South Africans remain underbanked and unbanked despite high bank account penetration.
The rise of voucher payments represents a significant shift towards financial inclusion in South Africa, addressing the needs of the underbanked. However, it is crucial to ensure that these solutions are secure and accessible to all demographics to truly bridge the financial divide.
