eNCA Business | Payment system landscape in SA

JOHANNESBURG - South Africans use cash most often as a payment method, regardless of what they buy.

That's the finding from the SA Reserve Bank's first study on payments.

It will be conducted periodically and supports the Bank's focus on payment modernisation and digitalisation.

The study found that debit card usage is second, and credit cards a distant third.

Tim Masela, head of the National Payments System Department at the Reserve Bank, has more on this.