COVID-19 has unintentionally encouraged an increase in cashless spending. As a result of the World Health Organisation (WHO) announcement, people are being advised to use contactless technology instead of cash, as banknotes may be spreading the coronavirus.
Clayton Hayward, co-founder and managing director of Ukheshe, a micro transaction platform that allows you to pay and #getpaid, says that while the business has been focused on empowering the under-banked and unbanked, broader use of this financial inclusion platform will be another addition in the efforts of slowing down the spread of the coronavirus.
Going cashless is getting trickier to avoid. Almost all the transactions done daily are via an App or platform making paying and getting paid easier, and now safer and healthier too.
According to the WHO, the infectious COVID-19 virus could be carried on the surface of banknotes for several days. To stop the spread of the disease, WHO urges people to use contactless payments where possible, and wash their hands after handling cash.
“We have made our platform user-friendly and extremely easy to use. says Hayward. “If we all take extra precautions, it will minimise the impact of COVID-19, while also growing South Africa’s cashless base. This in turn boosts the informal economy, which in South Africa, is significant and much needed. Read more on www.ukheshe.co.za.