Top Tweets for #InformalInsights
"Together with partners like @Spazapp & @iKhokhaSA, we are working to significantly boost card payment and card acceptance at micro, small and medium enterprises in informal settlements” - @Gabswan #InformalInsights
New #Mastercard study on the Informal Economy finds that merchants who introduced #card acceptance & #mobile payment acceptance via QR codes saw a significant increase in revenue - #InformalInsights https://t.co/sA6v9dgEVA
When asked if they would consider using smartphone-based card acceptance solutions, informal enterprises expressed great interest if the economics made sense. #InformalInsights
The use of smartphones amongst informal enterprises & their customers was found to be relatively high, driven by the decline in the cost of smartphones & the strong demand for #digital messaging services & social media platforms #InformalInsights
Misconceptions persist about the high cost of card usage. Some consumers remain reluctant to use cards for low value transactions. Discover the 6 major reasons why cash is king in the informal economy: https://t.co/sA6v9dgEVA #InformalInsights
Did you know? 96% of transactions at informal retailers are still concluded using cash, exposing them to high cash handling & transaction costs, lost sales and the threat of crime #InformalInsights - https://t.co/sA6v9dgEVA
Absorbing 12% of the country’s labour force, informal enterprises provide a valuable source of employment & income for some of the country’s most financially vulnerable #InformalInsights
"Lack of access to formal banking tools and understanding of available #payment options limits the opportunity for growth for informal retailers" - @Gabswan #InformalInsights
Rural & township residents continue to use cash at informal retailers because these small traders are not offering #card or #mobile acceptance #InformalInsights - https://t.co/sA6v9dgEVA
New #Mastercard study released at #DigitalIndaba shows that while consumers have a strong interest in paying by #card, majority of informal enterprises continue to run as cash-only businesses #InformalInsights
BREAKING: New Mastercard Research reveals that enterprises operating in the South African informal economy are slow to adopt payment cards despite high consumer demand - https://t.co/sA6v9dgEVA #InformalInsights
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