RISING ID VERIFICATION COSTS COULD STIFLE BUSINESS GROWTH AND INNOVATION IN SOUTH AFRICA’S DIGITAL FINANCIAL SECTOR
This article unpacks the potential impact of a proposed fee increase by the Department of Home Affairs for identity checks used in digital banking and fintech services. Every time you apply for a bank account or a loan, a behind-the-scenes ID check is done to verify that you are who you say you are. That…

