Electronic Banking Fraud in South Africa: Key Drivers in the Digital Age
In 2017, the South African Reserve Bank issued operational licenses to 3 fully digital banks, escalating competitive dynamics across the sector.
South African Reserve Bank
Central bank · SO · 3 documents
Key number
R3.3 billion ZAR
Financial losses from AI-driven cybercrime in South Africa in 2023. ACCESS Access to science business innovation in digital economy p.2
G20 Roadmap for Enhancing Cross Border Payments: Scorecard Report on Direct Access and Price Transparency
Research by Consumers International indicates that 57% of consumer bodies cite a lack of fee transparency as a primary reason behind consumer distrust in digital finance.
G20 Roadmap for Enhancing Cross Border Payments: Scorecard Report on Direct Access and Price Transparency
A total of 8 G20 members achieved the highest 5/5 direct access rating for non-bank payment service providers in 2025.