Cash, Fintech or Banks? The Real Battle for SA’s Informal Trader
05 June 2026

Cash, Fintech or Banks? The Real Battle for SA’s Informal Trader

Kaya 959

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South Africa’s informal economy turns over R190 billion a year — and fintechs are rapidly gaining ground. Ged Nooy, General Manager: Field Force, Provantage reveals insights from 8,785 informal outlets, showing why cash still dominates, why fintech devices are winning daily transactions, and what banks still misunderstand about township traders.