The depth of domestic capital markets, which were able to absorb significant net sales of SA bonds by non-residents (R68 billion from the beginning of May 2013 up to the end of last week, according to JSE data) also played a part.
The Reserve Bank has constantly been engaged with the task of bringing more people within the digital payments' fold. While making multitude of payment methods available, we believe that for convincing more people to transact digitally, it is imperative to augment their awareness and trust in digital payment methods. Financial literacy is just the first step towards digital payments literacy.