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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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 […]
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, […]
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
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
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
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
The analysts forecast the Global ATM market to grow at a CAGR of 6.36 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth in the APAC region and Africa in ATM installations. Global ATM Market 2012-2016: Both APAC and Africa are Considered as High Growth Regions
When festival spree is in the air, people get busy shopping and spending. This is the time when monthly budgets are at risk of holiday overspending. It is natural to get carried away with all the deals and offers during this time, especially when one has worked so hard for it during the rest of […]
In credit-hungry South Africa, where household debt is at 75.4% of disposable income while the household savings level remains at a mere 1.7% of GDP, the South African Savings Institute (SASI) faces the momentous task of reminding consumers about the need to spend wisely and set aside a portion of their end of year earnings, […]
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