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Lockdown and Looting – how these showed up in consumer spending

Recent transactional data shows how consumer spending took a hard knock from the Covid-19 third wave and stricter lockdown, as well as the unrest from the rioting and looting that occurred during the month of July. These two events have dented the country’s economic recovery in a short time.  BankservAfrica’s Card and Point-of-Sale (POS) transactional […]

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Cash will always be relevant

Smart and online technologies are changing the way we pay, however cash is still the most attractive means of payment for a huge majority of people worldwide. We look at 10 key reasons for the relevance of cash. Cash ensures stable currency systems. It is not only the most secure means of payment and resilient […]

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ATMs and cash here to stay in South Africa

Responding to recent questions about the addition of biometric security and contactless technology to ATMs, local banks confirmed that South Africa is still a cash country. Subsequently, South African banks have improved ATMs with a number of features, including wider support for cash deposits, stamped statement dispensation, and many other self-service features. Additionally, Nedbank, Standard Bank, and […]

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Champions of Cash

At the beginning of June 2018 we saw one of the major flaws in the vision for a cashless society . IT failure led to millions of card payments being declined across the UK. Cash – the most universal, reliable form of payment – was the go-to solution for many.

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The IAD: Forging the way forward for the ATM

by Tom Pierce, Chief Marketing Officer, Cardtronics A long time ago, 50 years to be exact, a bank installed the first-ever ATM. For the better part of the next quarter century, when a person used an ATM, it was operated by a financial institution. Eventually, times changed and independent deployers joined banks in having the […]

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Cardtronics Expands into South Africa by Acquiring Spark ATM Systems

Cardtronics plc (Nasdaq: CATM) announced on Tuesday, 31 January 2017, that it has closed on the acquisition of Spark ATM Systems Proprietary Limited – a move that marks Cardtronics’ entry into the South African market. Privately held and headquartered in Cape Town, Spark ATM Systems is a fast-growing independent ATM deployer (“IAD”) in South Africa, […]

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SA retailers aim for under-serviced communities

SA RETAILERS have been in spatial expansion mode for more than 10 years, with no sign of their race for space slowing. It is a trend Evan Walker of 36One  Asset Management believes has negative implications for retail share investors and consumers. SA retailers aim for under-serviced communities

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Poor sales offer little festive cheer for SA retailers

If October’s poor retail trade sales are anything to go by, a bleak Christmas trading period lies ahead as household budgets remain under strain and South African consumers continue to tighten their belts. Poor October sales offer little festive cheer for SA retailers

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Deloitte Year-end Holiday Survey

South African consumers want to avoid thinking about the ‘bad’ economic situation, and plan to enjoy this festive season.  This is one of the findings of the Deloitte Year-end Holiday Survey, currently in its 16th edition. Deloitte Year-end Holiday Survey

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Mandela: Backbone of business

Johannesburg – Nelson Mandela turned South Africa from a pariah state to the world’s darling, and in doing so, he brought the country into the global economy, City Press reported on Sunday. Mandela: Backbone of business

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