The Pitfalls of Tap-and-Go: A Cautionary Tale
- 95% of South African consumers use at least one digital payment method.
- Woolworths is going cashless in its WCcafé’s.
- FNB reported that cashless payments accounted for 50% of its card payments in 2023.
The text highlights the increasing use of digital payment methods in South Africa, but also raises concerns about the vulnerability of tap-and-go payments to fraudulent schemes. It suggests that consumers should prioritize security over convenience by disabling tap functionality and using more secure alternatives. This topic could be further discussed in terms of the effectiveness of current security measures and the responsibility of banks and payment providers to protect consumers.
