The value of cash withdrawals across South Africa rose by 19% between 2020 and 2022

calendar iconMar 28, 2024

Source

The Bank for International Settlements (BIS) statistics on the supply and use of retail payments are part of the Red Book statistics of the 27 member jurisdictions of the Committee on Payments and Market Infrastructures (CPMI) and are published annually.

The statistics contain two distinct sections. The first section includes general macroeconomic statistics, which can be used to relate the size of a country's payment industry to the size of its economic activity. This section also includes figures on banknotes and coins in circulation and on the narrow money supply. The second section details institutions offering payment services to end users, supply of cards and terminals, use of cashless payments, cash withdrawals and deposits. The data set also presents qualitative information on card schemes.

The data sets range from 2012 to 2022 and generally show trends of increasing cash deposits and withdrawals over time—especially between the pandemic-affected years 2020 to 2022—while ATM numbers are typically decreasing.

About the Bank for International Settlements

The BIS's mission statement is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks. It pursues this via providing a forum for dialogue and cooperation, a platform for innovation and knowledge sharing, analysis and insights on core policy issues andfnancial services.

Last Updated: Mar 28, 2024