Digital Payments Roadmaps: Towards Inclusive, Accessible, Effective and Sustainable Digital Payments in South Africa

Innovation and technological advancements are rapidly accelerating the transformation, modernisation and digitisation of world economies. According to a report by PricewaterhouseCoopers titled ‘Payments 2025 and Beyond’, global cashless payment volumes are set to increase by more than 80% from 2020 to 2025, from about 1 trillion transactions to almost 1.9 trillion, and to almost triple by 2030. Africa is embracing this transformation, as demonstrated through the African Union’s Digital Transformation Strategy for Africa (2020–2030).