Business & Economics Books:

Alternate Systems of Payment

Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!

Format:

Paperback / softback
$138.99
Available from supplier

The item is brand new and in-stock with one of our preferred suppliers. The item will ship from a Mighty Ape warehouse within the timeframe shown.

Usually ships in 2-3 weeks

Buy Now, Pay Later with:

4 payments of $34.75 with Afterpay Learn more

Availability

Delivering to:

Estimated arrival:

  • Around 8-20 May using International Courier

Description

According to FinScope (2008), 37.3% of the South African population is currently unbanked - this amounts to approximately 12 million people who do not have a bank account in their name. Salaries and wages are paid by cash or cheque, resulting in losses to the country's Gross Domestic Product (GDP) through cash payment systems, 'grey' economies, increased friction, and higher transactional costs, whilst creating opportunities for criminals. Financial Intelligence Centre Act (FICA) regulations, including Exemption 17, have made it difficult for the Living Standards Measure (LSM) 1-5 socio-economic group of people to open bank accounts. Similarities exist between Mexico and South Africa, enabling their experiences to be used as a reference for South Africa. The Prepaid Salary Card is an EuroPay MasterCard VISA (EMV) based 'chip and PIN (Personal Identification Number)' card supported by either MasterCard or VISA.
Release date Australia
August 6th, 2011
Audience
  • General (US: Trade)
Pages
160
Dimensions
152x229x9
ISBN-13
9783845408842
Product ID
26966370

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

Filed under...