South Africa's steady digital banking shift

[Jan]

Digital banking shift in South Africa

Banking habits are shifting in South Africa, with digital channels becoming the primary means of transacting in the country and some local banks closing branches to adjust to the shifting habits.

In a recent statement, Standard Bank revealed that in-branch transactions declined by 13% in the first half of the year to around 2.5 million, with online transactions increasing by 30% to 1.5 billion.

 

[FiestaST]

https://twitter.com/x/status/1841045994118504482

 

[KleinBoontjie]

Standard Bank revealed that in-branch transactions declined by 13%

I don't think it's that high. Standard Bank has this thing where you phone them, they say "but you must go into the branch, because they can't help you on the phone with this kind of thing". Then the person helping you at the branch phones a number and hand you the phone. So even if you were helped on the phone, it basically still at the branch.

 

[Bad Ballie]

No sane person could possibly support a government controlled programmable digital currency, it would be pure madness, please stop pushing this government agenda.