PayInc highlights digital payments' benefits for South Africa's informal 'kasi' economy
By PayInc (BankservAfrica) ·
PayInc, writing on BankservAfrica, argues South Africa's informal township or 'kasi' economy is large but underserved by national digital payment systems because those systems were not designed for informal trade. The piece says cash remains dominant, outlines barriers to digital adoption, and highlights potential bene
PayInc, writing on BankservAfrica, argues South Africa's informal township or 'kasi' economy is large but underserved by national digital payment systems because those systems were not designed for informal trade. The piece says cash remains dominant, outlines barriers to digital adoption, and highlights potential bene
The core shift here: BankservAfrica analysis finds South Africa's large informal 'kasi' economy remains cash-dominated because national digital payment systems were not designed for. Focus next on the next communication from PayInc (BankservAfrica) to see whether the trajectory strengthens or fades.