ATMs and cash here to stay in South Africa

[Jamie McKane]

ATMs and cash here to stay in South Africa

Despite the increasing number of mobile payment options and widespread support for card payments, South Africans are using more cash than ever.

Responding to recent questions about the addition of biometric security and contactless technology to ATMs, local banks confirmed that South Africa is still a cash country.

 

[Pineapple Smurf]

I never draw cash at an ATM
I use the cashback facility in Pick n Pay.
It's free
And no one is going to rob me at the till point as there is no one around me seeing me getting cash back, except the cashier.

 

[Scooby_Doo]

Government should provide some incentive to get people to move from cash to digital. Less cash means less tax evasion.

If you pay with card or mobile you get a 2% rebate on VAT. Companies who have 90% of their payments in digital form get a company tax rebate. Get creative...

 

[eg2505]

and how are you supposed to take a debit card in a taxi?

anyway, SA is still firmly a cash destination, until the hyperinflation hits, and carrying around 10 million rand to buy a loaf of bread becomes impractical.
I mean wheelbarrows aren't that big anyway.

 

[supersunbird]

I never draw cash at an ATM
I use the cashback facility in Pick n Pay.
It's free
And no one is going to rob me at the till point as there is no one around me seeing me getting cash back, except the cashier.

Must be a very quiet PnP

 

[Pineapple Smurf]

Must be a very quiet PnP

Somerset West is dead quiet

 

[supersunbird]

and how are you supposed to take a debit card in a taxi?

anyway, SA is still firmly a cash destination, until the hyperinflation hits, and carrying around 10 million rand to buy a loaf of bread becomes impractical.
I mean wheelbarrows aren't that big anyway.

You tap his POS.

 

[konfab]

and how are you supposed to take a debit card in a taxi?

Snapscan.
Zapper.

In Kenya they use M-Pesa

anyway, SA is still firmly a cash destination, until the hyperinflation hits, and carrying around 10 million rand to buy a loaf of bread becomes impractical.
I mean wheelbarrows aren't that big anyway.

But comrade, we can solve that by printing a R10 million note. Your Western Imperialistic, racist notation of currency does not match the superior logic of the revolutionary thinkers.

 

[eg2505]

You tap his POS.

in my particular case, literally and figuratively.

 

[KleinBoontjie]

If there is no more cash, there is no more CIT to rob, no more people on the street to rob. So guess what the criminals will be doing, then. They won't be sitting around doing nothing.

 

[uchoose]

This says it all, backward SA.