An illuminating quote about South Africa.
“A striking 94% of adults withdraw cash each month, according to the recent FinScope study. This is shown in daily transaction behaviour at retailers on the ground. Statista writes that about 73% of point-of-sale transactions in this country are still conducted in cash.”
South Africans are NOT using cash because they HAVE to do so.
They WANT to use cash.
It is the same around the planet, with 71% of British adults telling YouGov in 2023 that they want a law put in place guaranteeing their right to use cash, when and where they chose. Time to listen HM Treasury, Rachel Reeves and Tulip Siddiq - and give the British public what they WANT!
Source: intelligentcio.com/africa/2024/11/08/do-african-consumers-want-to-use-cash-digital-or-both