Although 80% of South Africans have a bank account, cash still accounts for nearly 40% of all transactions. This has serious consequences for the economy, with cash related crimes totalling nearly R500 million in 2018 alone. Open banking aims to change this.
We explored this and more in our event panel discussion, with a powerhouse panel of industry experts: Mpho Sadiki (BankservAfrica), Gabriel Swanepoel (Mastercard, Southern Africa), Busi Radebe (Capitec), Lyle Eckstein (Ozow), Gary Stone (Ozow). https://ozow.com/