South Africa wants banks to share its 30,000 ATMs and make smaller withdrawals free under new cash-access plan

South Africa wants banks to share its 30,000 ATMs and make smaller withdrawals free under new cash-access plan

South Africa’s central bank wants to change how people access cash, proposing shared ATMs that serve customers across banks and make smaller transactions free. The South African Reserve Bank outlined its implementation plans on 16 October, advancing a wider strategy to reduce cash-related costs and improve access in underserved communities.

Comment