Will South Africa's street vendors go bust in a cashless world? - News Summed Up

Will South Africa's street vendors go bust in a cashless world?


Digital payments are on the rise in South Africa. "There has been about a 50% reduction in donations since the mall installed cashless ticket payments. "Although digital payments don't require a bank account, such street vendors, buskers and beggars would require a digital store of value that holds their digital money to make and accept payments," she said. Recently, some petrol stations have started letting customers add a tip to their card payment, said Ramathoka. But petrol station attendants like Ramathoka hope the surge in cashless payments will not do away with cash altogether.


Source: News 24 October 17, 2022 01:55 UTC



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