People are saying goodbye to cash in South Africa

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South Africans increasingly prefer digital payments over cash due to trust in digital methods, increased online spending, and awareness of cash costs. Discovery Bank and Visa’s SpendTrend 25 report reveals this shift, drawing on data from 2.6 billion transactions and a survey of 1,000 South Africans. CEO Hylton Kallner notes a significant decline in cash usage, even for small transactions.
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