Electronic payments plunge to lowest levels on record
The BankservAfrica Economic Transaction Index tracks interbank electronic payment transactions under R5m
13 May 2020 - 13:34
Economic activity, reflected in electronic payments transactions, plummeted to its lowest level on record during April, as SA’s economy went all but dormant during full lockdown to halt the spread of the coronavirus.
The BankservAfrica Economic Transaction Index (BETI) — which tracks interbank electronic payment transactions under R5m — saw the biggest decline in its history across monthly, quarterly and annual levels, data showed on Wednesday...
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