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South Africa must say goodbye to bank cards | SA News


South African banks are encouraging customers to embrace virtual cards and tap-to-pay functionality in digital wallets over physical plastic cards due to their improved security, among other benefits.

According to the South African Banking Risk Centre’s (Sabric) latest statistics, credit and debit card fraud continues to rise in South Africa.

Sabric’s annual crime statistics report revealed that card fraud increased by 9.1% between 2022 and 2023, with losses growing from R414 million to R452 million.

Most of this…

New Year’s Day: New Year’s Day is celebrated with various outdoor festivities,
including music festivals and fireworks.

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