The Republic of South Africa, is a country located at the southern tip of Africa. Link to external site : Website for South Africa |  |
| Wallets | |
| Development | Advanced Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
283,006.50 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
58.360 Upgrade to Bronze |
| Currency | ZAR |
| Class | |
| CountryISO | ZA |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["ZA",47.588,24]],"options":{"title":"Countries","region":"ZA","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Vodacom",29000000],["MTN",21000000],["Cell C (Oger Telecom)",7446750],["8ta (Telkom)",912888]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",7555250],["Q4 2001",9903250],["Q4 2002",12912889],["Q4 2003",17015500],["Q4 2004",21987678],["Q4 2005",30654112],["Q4 2006",37355389],["Q4 2007",43854000],["Q4 2008",50019000],["Q4 2009",50069000],["Q4 2010",46777439],["Q4 2011",47769857],["Q4 2012",48598994],["Q4 2013",49298568],["Q4 2014",49896724]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",2],["Agent",1],["Location",1],["Mobile",8],["Web",4]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Bank",6],["MNO",1]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["DW",1],["MB",1],["MMT",3],["MP",1],["MT",1],["OB",1]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",2],["Anon",1],["BP",1],["DMT",3],["IMT",2],["LP",1],["MB",2],["MM",3],["MP",5],["MW",1],["OB",1],["OP",1],["Trade",1]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",5],["Card",5],["Cash",3],["Wallet",2]],"options":{"title":"Initiatives ( 8 of 8 )"}} |
| Central Bank | |
| Key Regulations |
Exemption 17: exemption to CDD/KYC measures. Circular 6: To allow banks to open mobile operated bank accounts |
| Type of law |
Hybrid Upgrade to Bronze |
| Legal System |
Mixed legal system of Roman-Dutch civil law, English common law, and customary law Upgrade to Bronze |
| Law is based on | |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
Jointly Led Upgrade to Bronze |
| E-Money |
Insistence of the regulator on bank-based models for all transaction. The bank holds the stored value account on behalf of PSPs. services beyond just payments to third parties has prevented the emergence of any stored value models operated by nonbanks |
| Payment |
Payment Service Providers allowed registered with The Payments Association of South Africa (PASA) as a payer and beneficiary service provider- see example of Pocit. The South African Reserve Bank requires that a bank work closely with companies like Pocit to ensure that your money is secure. Upgrade to Bronze |
| Agent | |
| Money Transfer |
All m-FS providers must hold a banking license Restricted; Strict exchange control. Only banks can deal in FX. |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",96.77],["Banked",46],["Internet",8],["Urban",60],["Adult",68],["Literate",87.9989]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 47.59 |
| Adult % | 68.00 |
| Migrants % |
2.00 Register/Log In |
| Stock Immigrants ('000) |
1,862.90 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
6,700.00 Upgrade to Bronze |
| Internal Migration Rate % |
15.40 Upgrade to Bronze |
| Intl Movement Rate % | |
| Urban % | 60.00 |
| Female % | 41.40 |
| Literate % | 88.00 |
| Annual Growth % |
| Mobile Penetration % | 96.77 |
| Banked % | 46.00 |
| Access to FS % | 46.00 |
| Internet % | 8.00 |
| Branches per 100k adults | 8.03 |
| ATMs per 100k adults | 54.85 |
| POS per 100k adults | 0.00 |
| Prepaid % | 86.40 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 24.87 |
| Monthly ARPU |
14.21 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? |
Yes with Proportionate KYC rules Upgrade to Bronze |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Mainstream Upgrade to Bronze |
| Registered Wallet Users |
1,450,000 Upgrade to Bronze |
| Top Wallets |
WIZZIT, MTN Mobile Money, Pocit Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |