Bloomberg zeroes in on BCG’s joint report with Discovery Bank titled “ The Future of Retail Banking in South Africa,” which assesses the feasibility of the country’s digital banking transition. The report found that South Africans maintain a high reliance on physical currency due to the expenses of online banking, with almost all surveyed customers withdrawing cash at least once a month. According to the report, regulatory changes will be needed in South Africa to increase both the accessibility and attractiveness of a cashless system.