Finbond takes revenue hit from Sassa card switch over
The SA Social Security Agency moved grant recipients to a new SA Post Office card in May 2018, and the new card does not allow stop orders
01 November 2019 - 08:13
Credit-provider Finbond said on Thursday a card switch over at the SA Social Security Agency (Sassa) resulted in a 94.6% plunge in loans to grant recipients in its six months to end-August.
The company’s Sassa client base has fallen by two thirds after Sassa switched to a new SA Post Office card in 2018...
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