South Africa’s digital payment landscape is experiencing significant growth, as highlighted by a report from EBC Financial Group. The rapid adoption of cashless transactions is fostering greater financial inclusion and economic participation, with card-based transactions projected to surpass ZAR2.9 trillion ($159 billion) by 2025. This growth is driven by increased merchant acceptance, advancements in contactless technology, and the proliferation of mobile-led payments. Moreover, the expansion of digital payments infrastructure is notably enhancing transaction efficiency, with broad implications for liquidity, transparency, and economic connectivity both within South Africa and across the broader southern African region.
Elsewhere in the market, National Bank of Greece was trading firmly up 6% and closing at €13.77, hovering around its 52-week high.
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