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Cash in Transit in South Africa: Current Pressures and Reform Implications

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Introduction Cash remains a critical component of South Africa’s payments ecosystem. Given the current role of cash together with the continued acceleration of South Africa’s economy, it is timely that the South African Reserve Bank (SARB) has launched its Payments Ecosystem Modernisation Programme (PEM), and alongside this its Cash Smart Strategy. For context, it’s worth

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Transforming South Africa’s Cash System: a Conversation on Opportunities and Risks

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Introduction The South African Reserve Bank (SARB), as part of its ambitious Payments Ecosystem Modernisation Programme (PEM), is pursuing a “Cash Smart Strategy.” While the detail of the strategy is still emerging, early signals suggest it will be just as far‑reaching as PEM itself. Barry Röhrs, Malcolm Clingham, Scott Forster and Matt Sykes recently sat

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S&P report on Australian banks – pointing to the right things, but who is asking the harder questions?

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There has been broad reporting of the latest S&P ratings report on the Australian banking sector, released this week. In particular, the report calls out political pressure on the sector. Two call-outs of note: We broadly agree with S&P’s analysis of these issues. They do, however, highlight a propensity by both politicians and to a

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Cash in Central and Eastern Europe: What Are the Pressing Issues?

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In contrast to a growing number of countries in Europe and internationally, through central Europe and eastern Europe, the use of cash continues to be widespread, perhaps even the dominant payment method. Sources: ECB, Statista, RBA, UK Finance, Worldpay Despite the contrasting resistance of consumers and businesses alike to digital payment methods, payment environments across

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