ITWeb TV Biz: Cash is dead. Long live cash

▤ Summary

PayInc says cash remains a major part of South Africa’s economy, especially in townships, rural areas, informal settlements, and cities. The company explains that its central payments infrastructure links more than 30 banks and supports cash, EFT, debit orders, and PayShap transactions. It also highlights its ICMS platform, which centralizes wholesale cash supply planning and has reduced ordering lead times from three days to one. The article ties PayInc’s role to South Africa’s broader payments modernization effort, which aims to reduce cash use while expanding access to digital payments.

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