BUSINESS BEYOND COVID
FELIX KAMENGA: Mobile money will continue to flourish after the pandemic
With Covid-19 making people leery of ATMs with their queues and keypads, cashless transactions will not die even as the coronavirus does
In the Business Beyond Covid series, CEOs and other business leaders and experts in their sectors look to the future after Covid-19. What effect has the pandemic and resulting lockdown had on their industries and the SA economy as a whole? Which parts will bounce back first and which will never be the same again? Most importantly, they try to answer the question: where to from here?
With data usage and internet traffic up by between 50% and 70% in SA, the mobile money ecosystem is standing out as a safe, affordable and accessible solution to getting economies back on track during and following the Covid-19 devastation...