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South African Consumers Lose US$1.7 Billion A Year In Indirect Costs Linked To Using Cash

Cash cost consumers R23 billion or 0.52 percent of the countryโ€™s Gross Domestic Product in 2015, according to a new Mastercard study released at the World Economic Forum on Africa. These costs are disproportionately carried by low-income earners, serving as a major barrier to financial inclusion. Conducted by