Cross-border payments from SA helped thousands survive

Cross-border payments from people in South Africa helped the recipients survive financially, with 59% who made these payments to family and friends over the last year saying they would not have survived financially without that support compared to 40% globally. Data from the 2022 Mastercard Borderless Payments Report shows an increase in the number of people using cross-border payments to support friends and family since last year, with 85% in South Africa saying they still use cross-border payments to send money internationally post-pandemic compared to the global average of 71%. Mastercard surveyed nearly 8 000 consumers across 15 different markets…

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