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Cash still in huge demand in South Africa | SA News

Staff Writer
 ·11 Sep 2025

While there is a concerted effort to make South Africa less reliant on cash, the latest PayInc Economic Index (PEI) shows that demand for coins and notes has increased 4.4% from last month.

According to PayInc, formerly BankservAfrica, this shows how enduring cash is in South Africa’s economy.

Even though cash demand is climbing, the group did note positive momentum for digital payments, which also continues to reflect monthly growth.

“However, we’re well-aware that inclusion (into digital payments) requires meeting consumers…

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  2. Fun South African Fact: Water is not all there is to drink in this thirsty country! South Africa’s Cape Winelands have around 560 wineries and 4 400 primary producers. Included in the Cape Winelands region is Route 62, considered the longest wine route in the world. That alone is good reason to visit South Africa if you haven’t yet been!