EBANX PAYMENTS SUMMIT: Cards and Instant EFT: The Twin Pillars of Digital Payments in South Africa

This is a special series from the EBANX Payments Summit, which focused heavily on Rising Market - aka- Latam, Africa, and India.   In this episode, we speak with Kesheni Moodley,  Chief Commercial Officer, OZOWExplore the world of e-commerce payments in South Africa, where a remarkable 85% of adults possess a financial account, setting a continental record. Despite the dominance of card payments (43% of transactions) and financial inclusion, 40% of adults do not own credit or debit cards, indicating a prominent road for alternative payment methods. The popularity of Instant EFT transactions and digital wallets offers a glimmer of hope in addressing this disparity. Over 23 years' experience in the ICT sphere, Kesheni has local and international Client Relationship Development and Sales expertise spanning multiple industries including Media, Telecommunications, Consumer Goods, Automotive, and Airline, besides key exposure to the strategic, business development, outsourcing and operational functions of a business. Prior to Ozow, she has served Accenture and IBM South Africa.Host: Rachel Morrissey, Money20/20Guest Host: Estelita Hass, EBANXFollow Money20/20:YouTube: @Money2020TvLinkedIn: https://www.linkedin.com/company/money2020/Instagram: https://www.instagram.com/money20_20Facebook: https://www.facebook.com/Money2020X: https://www.twitter.com/Money2020TikTok: https://www.tiktok.com/@money20_20