Cape Town will begin a cashless transactions pilot at three driving licence testing centres. (Image source: iStock) The City of Cape Town is shifting its cashless payments initiative to three of its driving licence testing centres (DLTCs). Come 1 October, the city will pilot cashless transactions at the DLTCs located at Brackenfell, Fish Hoek and…
A new industry report from the FinTech Association of South Africa (Finasa) has found that a decade of fintech innovation has transformed the landscape for connected, urban South Africans – but left informal economies and township merchants largely behind. South Africa’s fintech sector has had a remarkable decade. New digital banks have grown to millions…
Standard Bank’s Kabelo Makeke Standard Bank said on Tuesday that it is accelerating the shift to cashless branches as it adapts its physical network to changing customer behaviour and declining cash usage in parts of South Africa. In a statement, Standard Bank Personal and Private Banking (PPB) said more of its branches will become cashless…
WASHINGTON — President Donald Trump plans to sign an executive order Monday aimed at eliminating cashless bail for arrested suspects in Washington, D.C., a senior White House official said. The official said the executive order could threaten to withhold federal funding or government-backed project approvals if the district does not end the policy, which allows…
Remember the time when cash notes and clunky coins filled your wallet? Today, your wallet’s bill compartment and coin pockets are probably much emptier, while its card slots are overflowing with bank and retailer cards. You might even be a consumer with no cards in your wallet, preferring contactless payments with your smartphone. The transition…
