PVC Card Future in South Africa
Being in the business of cards and technology, we get asked countless times if cards will still be found in the future of South Africa. Even though we are moving to a more extensive online world where physical devices will be replaced, South Africa is on the upward trend of using more cards than ever.
PVC cards, also known as plastic cards or credit cards, have become an integral part of our daily lives. They are used for a variety of purposes, including identification, financial transactions, and access control. In South Africa, PVC cards have been widely adopted and are expected to continue to play a significant role in the country’s economy in the future.
Card payments in the future
One of the key drivers for the future growth of PVC cards in South Africa is the increasing use of these cards for financial transactions. With the rise of e-commerce and online shopping, more and more South Africans are turning to PVC cards as their preferred method of payment.
This trend is expected to continue in the future as more people become comfortable with online transactions and as more businesses adopt digital payment systems.
Benefits of Physical cards
Physical cards are easy to carry around and give you peace of mind when purchasing an item that your card will work. Cards are able to make offline payments with a POS terminals, so you do not have to worry about the power going out in South Africa. However, using a digital card. You need acces sto the internet and you will not be able to make payments offline.
Physical cards allow you to be a part of reward systems and enable you to get cashback rewards on your purchases. Digital cards are still coming into this region and will hopefully grow.
The use of contactless payment methods is also on the rise, which is a clear indication of the future of PVC cards in South Africa. The contactless technology enables cardholders to make payments by simply tapping their card on a point-of-sale (POS) terminal, eliminating the need to insert or swipe their card. T
his makes transactions faster and more convenient, and it is expected that this trend will continue to grow in the future. Contactless payments have allowed people to pay for items at a faster rate then ever before and are more secure.
An alternative to PVC cards
Digital wallets are coming to South Africa and have been implemented in many stores and companies worldwide.
What is a digital wallet?
The new digital wallet that has been introduced to South Africa can be found on your mobile device and downloaded onto your smart watch. some of the most popular digital wallets available in South Africa include Apple and Google pay. However, there are a few obsticales for people who have these payment methods. Not all stores accept these payment metods and that is why a lot of South Africans have both.
The benefit of having a digital wallet is the convenience of accessing your wallet on your phone. People usually carry their phones with them everywhere, and if your wallet is on your phone, you don’t have to take much else!
Another benefit is that digital wallets are more secure. This is done through secure tokenization. This means that your information is heavily encoded, so much so that if a retailer gets hacked, your credit or debit card number won’t be compromised.
There are a few benefits of digital wallets but we will have to see where the future takes us for now. We beleive that although digital wallets are on the rise, PVC cards in SA are equally on the rise and will continue to be used in conjunction with digital cards in the near future until people feel fully comfortable to move over to the digital world.
Identification PVC Cards
Another major driver for the future growth of PVC cards in South Africa is the use of these cards for identification and access control. PVC cards are being used for a variety of identification purposes, including employee ID cards, driver’s licenses, and passport cards. PVC cards are also being used for access control to buildings, offices, and other restricted areas. With the increasing use of these cards, the demand for PVC card printers and related technology is also expected to grow in the future.
The government of South Africa has also been actively promoting the use of PVC cards for identification purposes through the implementation of National Identity System (NIS). The NIS is a program aimed at issuing all South Africans with a unique identification number and a smart ID card, which will serve as proof of identity, age, and citizenship. This program is expected to be fully rolled out by the end of 2021, which will further increase the adoption of PVC cards in the country.
Mining industries in respect to identification need to have cards to ensure that people are who they say they are. PVC cards are immidiatly visible and accessible for secuirty officers to see and validate peoples identity. Digital devices limit the ability to verify identity and can be fraduently copied.
The digital world is still quite limiting to those that do not have smartphones and majority of South Africans unfortunately do not have access to them because of the cost of these devices. Hopefully, in the near future these devices will become more affordable and accessible to all.
Future of PVC cards in Banks
The use of PVC cards in the financial sector is also expected to grow in the future. Banks and other financial institutions are using PVC cards as a means of identification for their customers, as well as for debit and credit transactions. Banks are also using PVC cards for access control to their buildings, ATMs, and online banking platforms. This trend is expected to continue in the future as more financial institutions adopt digital banking systems and as more customers become comfortable with online transactions.
Finally, the growth of PVC cards in South Africa is also being driven by the government’s push to digitize its services. The government is investing in technology that will allow citizens to access government services online and through mobile devices. This will make it easier for citizens to access government services and will also help to reduce fraud and corruption. This trend is expected to continue in the future, and will likely lead to more widespread adoption of PVC cards in South Africa.
To sum up
In conclusion, PVC cards are expected to continue to play a significant role in South Africa’s economy in the future. The increasing use of these cards for financial transactions, identification, and access control, as well as the government’s push to digitize its services, are all drivers for the future growth of PVC cards in South Africa. The contactless payment methods, and the smart ID card program to be fully rolled out by the end of 2021 will further boost the adoption of PVC cards in the country.
The use of PVC cards in the financial sector is also expected to grow as more financial institutions adopt digital banking systems and as more customers become comfortable with online transactions. As PVC cards become increasingly prevalent, it is important that companies move with the trends to help their customers have a better and more fufilled experience.
The future is here and we are ready to help you through it. Contact us for more information on PVC cards or buy online on our website .