Kazang and TymeBank partner to bring easy cash withdrawals to the informal market
- Kazang partners with TymeBank to improve cash withdrawal access in underserved areas.
- TymeBank customers can withdraw cash from spaza shops using Kazang Pay terminals.
- Kazang operates over 90,000 VAS devices processing around 3 million transactions daily.
The partnership between Kazang and TymeBank represents a significant step towards financial inclusion in South Africa, particularly for those in rural and township areas. By leveraging local informal traders, this initiative not only enhances convenience for consumers but also supports small businesses, fostering economic growth in underserved communities. Future discussions could explore the scalability of such models in other regions facing similar challenges.
