The innovation in our banking system

South Africa has made innovative breakthroughs in many fields and banking is no different. The Mzanzi bank account, a basic banking account for the “unbanked” is a cse in point. There are other initiatives like those of Wizzit Bank and the cell phone products that allow township based consumers and Spaza shop owners to transact.
(Spaza shop : South African slang for a home based informal shop)

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