Load Shedding Slows Migration To Cashless Payments

Recently, the Market Cafe in Morningside, Durban sent an emotional notice announcing its closure, which took effect on May 21.

BUSINESS should plan for cash being a significant part of their payments mix for longer than anticipated as South Africa’s load-shedding crisis slows down migration towards cashless payments. This is according to an executive as Africa’s most diversified economy endures its worst power crisis in living memory. Jason Coussens, Currency Management Business Unit Manager at… Continue reading Load Shedding Slows Migration To Cashless Payments

African Times
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