SA’s cross-border payments helped thousands survive

Cross-border payments from people in South Africa helped recipients survive financially, with 59% who made such payments to family and friends in the past year saying they would not have survived financially without such support compared to 40% worldwide. Data from Mastercard’s Borderless Payments Report 2022 shows an increase in the number of people using cross-border payments to support friends and family since last year, with 85% in South Africa saying that they still use cross-border payments to send money internationally by post. pandemic compared to the global average of 71%. Mastercard surveyed nearly 8,000 consumers in 15 different markets…

Leave a Reply

Your email address will not be published. Required fields are marked *