South Africa faces one big obstacle in its quest to go cash-free

Mobile money in South Africa is booming, but challenges with interoperability are stopping it from reaching its full potential. Collaboration between mobile financial services could be win-win, saysMastercard or Visa? Shop anywhere in the world today, and the chances are this is the choice you get at the checkout if you want to pay with a credit card.

Their success can be attributed to the development of a shared iInteroperability created economies of scale and laid down a vast network across which the two competitors could thrive, benefiting consumers and businesses alike. Now, mobile money operators in South Africa are looking to do the same for digital payments.South Africans need to be in the know if we want to create a prosperous future.

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