Fintech Solutions Reduce Risks for Informal Market Traders in South Africa

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 30 sec. here
  • 18 min. at publisher
  • 📊 Quality Score:
  • News: 71%
  • Publisher: 67%

Finance ニュース

South Africa,Informal Markets,Fintech

Trading in South Africa’s informal markets brings real risks to merchants and their suppliers. Fintech solutions can greatly reduce these risks, especially in the area of supplier payments. Kazang’s supplier payments platform has been a game changer in helping merchants and suppliers overcome challenges.

Trading in South Africa’s informal markets brings real risks to merchants and their suppliers. In this highly cash-based economy, the risk of holding and moving cash is significant – the loss of a day’s takings is difficult to bounce back from for most informal merchants. Fortunately, with the digitalisation trend firmly in place in informal markets, fintech solutions can greatly reduce these risks.

Supplier payments is an important area where fintechs are delivering real value in the informal ecosystem. The challenge for FMCG manufacturers and distributors is collections from the network of spazas and spazarettes that they service in South Africa’s townships. These merchants primarily operate on a cash on delivery basis requiring that drivers are paid in cash from merchants on their route, creating an opportunity for criminals to target drivers. Kazang’s supplier payments platform has been a game changer in terms of helping merchants and suppliers overcome these challenge

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 11. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Fintech Solutions Reduce Risks for Informal Market Traders in South AfricaTrading in South Africa’s informal markets brings real risks to merchants and their suppliers. Fintech solutions can greatly reduce these risks, especially in the area of supplier payments. Kazang’s supplier payments platform has been a game changer in helping merchants and suppliers overcome challenges.
ソース: BusinessTechSA - 🏆 24. / 61 続きを読む »