Cash costs South African consumers
billion a year
unbanked in Sub Saharan Africa.
of the South African population remains unbanked.
Banks are failing emerging economies due to a lack of trust, access to facilities and high banking costs.
The Future of Cashless Trading is Here. lov.cash
lov.cash is designed to replace cash with a digital currency
With no centralised financial institution and no middleman, it is a platform that allows the informal sector to generate increased income and turnover at a fraction of the cost.
There are over 870 million digital money accounts in the world, and almost half of these are in sub-Saharan Africa.
The receptiveness is established. Africa is already at the forefront of the adaption of virtual payments.