South Africa becoming a cashless society

[Shaun Jacobs]

South Africa becoming a cashless society

South Africans are increasingly spending online and making use of contactless payment methods. Discovery Bank and Visa believe this will result in South Africa becoming a cashless society.

 

[backstreetboy]

Yes because no one has any.

 

[3WA]

When I describe myself as cashless, what I really mean is that I’m broke.

 

[LCBXX]

30-odd percent of South Africans are able to legitimately use cashless payment and that's enough to suggest that we're becoming cashless?

 

[ToxicBunny]

SA is already largely a cashless society for the middle and upper class.

Its very rare for me to have cash on me, and places that don't support cards or contactless payments just get avoided.

We are a country of 2 economies.. the formal one is largely cashless, and the informal one is almost entirely cash based.

 

[Agent_Smith]

So I guess beggars at traffic lights and car guards will now have to adapt too and walk around with YOCO card machines or Snapscan & Zapper QR codes.

 

[epah]

Capitec users definitely believe in cash. Seems they dont know that their cards can be used to swipe at tills, seems they dont know that EFT's exist nor do they know you can buy online with your card. I have never seen people so backwards in my life.

 

[Slowestclock]

Cash is and will be always be king

Difficult to swipe or tap when networks fail due to load shedding.

 

[rvZA]

South Africa becoming a cashless society

South Africans are increasingly spending online and making use of contactless payment methods. Discovery Bank and Visa believe this will result in South Africa becoming a cashless society.

Not for the reasons the banks think. The banks are not fully aware of what is happening out on the streets.

 

[RedViking]

Cashless, but not couchless.

 

[The_MAC]

Until I see people buying taxi travel cards and swiping them then I don't believe..

That's the problem here, they don't know what they don't know

 

[Sideshow Bob]

Capitec users definitely believe in cash. Seems they dont know that their cards can be used to swipe at tills, seems they dont know that EFT's exist nor do they know you can buy online with your card. I have never seem people so backwards in my life.

What is it with you and capitec and android users ? Something we should know about ?

 

[porchrat]

Capitec users definitely believe in cash. Seems they dont know that their cards can be used to swipe at tills, seems they dont know that EFT's exist nor do they know you can buy online with your card. I have never seem people so backwards in my life.

I'll bet they don't even own air fryers. Those savages.

 

[epah]

What is it with you and capitec and android users ? Something we should know about ?

They just irk me.

 

[epah]

I'll bet they don't even own air fryers. Those savages.

They don't even know what an airfryer is. Close minded people.

 

[dualmeister]

Capitec users definitely believe in cash. Seems they dont know that their cards can be used to swipe at tills, seems they dont know that EFT's exist nor do they know you can buy online with your card. I have never seen people so backwards in my life.

Use a real bank

 

[Mike Hoxbig]

SA is already largely a cashless society for the middle and upper class.

Its very rare for me to have cash on me, and places that don't support cards or contactless payments just get avoided.

We are a country of 2 economies.. the formal one is largely cashless, and the informal one is almost entirely cash based.

You'll be surprised, there's a big drive to capture the township market.

It's really only car guards, pump attendants, beggars, Eskom power stations and Phala Phala left dealing in cash...

 

[epah]

Use a real bank

FNB or nothing.

 

[dualmeister]

FNB or nothing.

We finally agree on something

 

[Fulcrum29]

30-odd percent of South Africans are able to legitimately use cashless payment and that's enough to suggest that we're becoming cashless?