South African rand (ZAR)
While cash and card usage remain prevalent in South Africa, a wide variety of digital payment methods are gaining popularity, such as cryptocurrency, digital cards, biometric payments, open banking, and Buy Now Pay Later (BNPL). 95% of consumers recently reported using at least one digital payment method
Population
Banked Population:
Main industries
Mining and Manufacturing
Main imports
Crude & Refined Petroleum, Motor Vehicles (parts & accessories),
Cars, and Broadcasting Equipment
Main exports
Gold, Platinum, Coal Briquettes, Cars, and Diamonds
$7,055
Per capita (USD)
4.9%
Growth annually
32
World ranking
Total volume of digital payments projected to reach
$16.57B (USD)
Wire Transfer
Instant Bank Wire
Wire Transfer
Voucher
Wire Transfer
Wire Transfer
Wire Transfer
Wire Transfer
Wire Transfer
Wire Transfer
Instant Bank Wire
Instant Bank Wire
Instant Bank Wire
Instant Bank Wire
Instant Bank Wire
Instant Bank Wire
Instant Bank Wire
Instant Bank Wire
Mobile Money
