Consumer spend dropped only slightly in December, compared to the same peak retail month in 2019, with more spend on credit in 2020, according to BankServAfrica data. 

Cash-strapped customers also stuck to groceries, fuel and eating out instead of luxuries, BankservAfrica, a clearinghouse for banks, said. BankServ is able to share information on the use of credit and debit cards in store and online. ..

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