Here’s a rewritten version of the content with a more provocative tone:
“Get ready for a digital revolution in South Africa! Nedbank’s IT refresh program has unleashed a torrent of innovation, and the bank’s customers are reaping the benefits. With a whopping 13% year-on-year growth in transaction volumes, it’s clear that the digital payments landscape is on fire.
But what’s driving this surge in digital adoption? According to Chipo Mushwana, executive of emerging innovation and payments at Nedbank Group, it’s the perfect storm of factors. “The digital payments market is a catalyst for South Africa’s economic growth,” she says. “As the country rapidly moves towards a truly digital economy, we’re seeing a shift away from cash and towards digital channels.”
And what’s behind this shift? Mushwana points to the increasing digitalization of local businesses, the growth of e-commerce, and the high risks associated with cash. “Consumers are waking up to the convenience and security of digital payments,” she says. “It’s a no-brainer.”
But Nedbank isn’t just sitting back and enjoying the ride. The bank is aggressively pushing the boundaries of innovation, leveraging technology to drive its business agenda and service the evolving needs of its customers. “We’re not just talking about payments – we’re talking about the heartbeat of every economy,” Mushwana says. “Payments are the backbone of job creation, the backbone of goods moving, the backbone of distribution industries and supply chains.”
And what about the future? Mushwana hints at a world where payments are seamless, frictionless, and borderless. “We’re not just talking about contactless payments – we’re talking about a world where you can pay with your thoughts,” she says. “The possibilities are endless, and we’re excited to be at the forefront of this revolution.”
But don’t just take Mushwana’s word for it. The numbers speak for themselves. Nedbank’s Avo app has seen ongoing growth, with almost three million customers and over 25 000 businesses registered on the platform. And with new services added monthly, it’s clear that this super app is here to stay.
So, what’s next? Mushwana hints at a future where Nedbank’s payment strategy is premised on leveraging technology to drive innovation and service the evolving needs of its customers. “We’re not just talking about payments – we’re talking about the future of finance,” she says. “And we’re excited to be at the forefront of this revolution.”
