South Africa’s payments landscape is evolving rapidly, with digital wallets, PayShap, QR codes, Buy Now Pay Later (BNPL), and instant bank transfers expanding consumer choice. However, widespread adoption remains constrained by limited consumer education, trust, and operational complexity for merchants. This article explores why payment cards continue to dominate despite the rise of alternative payment methods and explains what the industry must do to drive meaningful digital payment adoption.
Tag: fintech South Africa
Xago Expands Globally with AUSTRAC Registration and New Currency Integrations
Xago Technologies, a South African fintech specializing in digital payments via the XRP Ledger, has expanded globally by registering with AUSTRAC as a Digital Currency Exchange. The company now supports six major currencies, including NGN and EUR, enhancing cross-border transactions with speed, compliance, and security.