South Africa’s sophisticated banking system has allowed consumers to opt into multiple payment methods, all suited to their lifestyles and personal choices.

The MasterCard 2022 survey found that 95% of South African consumers used at least one digital payment method, while the National Treasury announced that it was promoting cashless payment methods for low-value payments with tap-and-go cards.

Joining us on the line is Richard Frost, Product Head at Armata, who will highlight how easy it is for scammers to steal from consumers during transactions as many cards do not have transaction limits.