South Africa

The Republic of South Africa, is a country located at the southern tip of Africa.


Link to external site : Website for South Africa
South Africa
Wallets
Development Advanced Emerging
Send or Receive
GDP ($m)
283,006.50
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HDI classification Medium
Mobile Connections (m)
Currency ZAR
Class
CountryISO ZA
Sovereignity Country
Territory of - NA -
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{"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"}}
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Channel Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",2],["Agent",1],["Location",1],["Mobile",8],["Web",4]],"options":{"title":"Initiatives ( 8 of 8 )"}}
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COT Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Bank",6],["MNO",1]],"options":{"title":"Initiatives ( 8 of 8 )"}}
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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 )"}}
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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 )"}}
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PI Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",5],["Card",5],["Cash",3],["Wallet",2]],"options":{"title":"Initiatives ( 8 of 8 )"}}
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Central Bank
Key Regulations

Exemption 17: exemption to CDD/KYC measures.

Circular 6: To allow banks to open mobile operated bank accounts

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Type of law
Legal System
Mixed legal system of Roman-Dutch civil law, English common law, and customary law
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Law is based on
Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
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

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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.
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Agent
Money Transfer

All m-FS providers must hold a banking license

Restricted; Strict exchange control. Only banks can deal in FX.

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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 %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
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
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
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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
Registered Wallet Users
Top Wallets
WIZZIT, MTN Mobile Money, Pocit
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Informal Market
Cost To Remit
Key Players

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