Author: Harsha Maloo

There has been a lot of talk around the corner about PayShap – the new super-fast, low-cost payment rail which has recently launched in South Africa. It aims to foster financial inclusion and open new markets and opportunities. But before we delve deep to explore whether PayShap can increase financial inclusion, lets first understand what financial inclusion is. Financial inclusion is defined as “the access and use of a full suite of quality financial services, at an affordable price, in a convenient manner, delivered by a range of providers in a stable and competitive market to everyone. The percentage of…