The Competition Commission’s first township economy report puts numbers on the gap – and on why it exists.
Browsing: Shop2Shop
The banks cannot reach South Africa’s R197-billion informal retail market. Three other contenders think they can.
Hours after news of the Pepkor merger, Shop2Shop CEO Peter Berry has predicted cash will vanish from the townships.
Flash and Shop2Shop will combine to form a R21.3-billion platform Pepkor plans to list separately.
Fintechs have gained an edge by working closely with informal traders, but the banks are also changing their approach.
Non-bank players in the payments space have joined forces to drive digital financial inclusion.