Could South Africa Be ATM-Free in a Few Years?

Could South Africa be ATM-free in a few years?

South Africa’s cash landscape is changing fast – and the humble ATM may soon be obsolete. According to a recent assessment by MyBroadband, the country’s major banks have collectively slashed over 8 000 ATMs from their networks over the last five years. This marks a steady retreat from physical money, with consumers opting for cards over cash. ATM numbers tell a story The Big Four – Standard Bank, Absa, FNB, and Nedbank – have all dramatically re…

South Africans ditch cash and cards for digital payments

South Africans are changing how they pay for things faster than ever. A new “State of Consumer Payment in South Africa” report by Stitch in partnership with a global research firm, Censuswide, shows that consumers are quickly moving away from using cash and cards, and are choosing digital payments instead. The 2025 report, based on a survey of 2,000 South Africans, found that while cash and cards remain part of daily life, digital wallets and di…