The growth in spending and frequency of using digital wallets for payments in SA's three largest cities outpaced those of already more digital global counterparts over the past three years, a new report from Visa and Discovery Bank shows.
The latest SpendTrend report examined consumer spending habits based on 13 billion transactions on more than 60 million Visa-branded credit cards from 14 global cities between 2019 to 2023.
It shows that Durban led the pack with 47% growth in digital wallet spend per active card, followed by Cape Town (45%) and Johannesburg (42%).