COMMUNAL UPLIFTMENT:
NARRATIVES SHOWCASING THE CASCADING EFFECTS OF DIGITAL BANKING IN BOOSTING LOCAL ECONOMIES AND FOSTERING COMMUNITY DEVELOPMENT. “In some parts of the world, cash is in decline. But Africa is not ready to go cashless because digital payments don’t yet work for everyone. The consequences to society and individuals of not having a viable way of paying for goods are potentially severe. Consumers need a guarantee that they can access and use cash for as long as they need it. This requires us to radically review our cash infrastructure – something that is now pressing, as cracks in the system are showing. At the same time, we need to ensure that digital payments can eventually become a choice for everyone.” 12
