Co-operative Banking: A Catalyst for Inclusive Growth in SA
Integrating informal and co-operative banking institutions into the formal financial system remains a critical barrier to inclusive economic growth, says MoData.
As South Africa's payments landscape evolves, MoData, a payments technology enabler, offers scalable solutions to help bring key stakeholders like co-operative banking institutions into the fold.
Notably, over 80% of South Africans still use cash, raising questions about digital inclusion, as financial inclusion is often framed as access to financial services.
Financial inclusion is often framed as access to financial services.
Author's summary: Co-operative banking promotes inclusive growth in South Africa.