3. Electronic Theses and Dissertations (ETDs) - All submissions

Permanent URI for this communityhttps://wiredspace.wits.ac.za/handle/10539/45

Browse

Subject: search.filters.subject.Low-income consumers--South Africa

Search Results

Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    The role FinTech Start-ups play in the personal banking industry in South Africa
    (2018) Nkosi, Doctor Teddy
    The global financial crisis of 2008 became a platform for Financial Technology (FinTech). Investment in the sector has been growing substantially. Investment is largely driven by financial institutions who see that there is a real risk of them being disrupted. The failure of a number of such institutions across the globe was a turning point for FinTech start-up’s. What drives the FinTech disruption is not necessarily what product or service is offered but by who is offering that particular product or service. Due to its sound regulation, South Africa has avoided a great deal of the negative impact that banks across the globe have faced during the 2008 global financial crisis. The South African personal banking industry is largely dominated by five banks, namely ABSA, FNB (First National Bank), Standard Bank, Capitec and Nedbank. The researcher investigated the role FinTech Start-up’s play in the personal banking industry in South Africa. The research was focused on three areas within corporate entrepreneurship literature. Internal corporate venturing, external corporate venturing and collaboration A quantitative research method was employed to test the relationships. The first hypothesis looked at the positive relationship between personal banks and fintech start-ups in relation to external corporate venturing; the second explored the positive relationship between personal banks and fintech start-ups in relation to internal corporate venturing; and lastly, the third hypothesis examined the positive relationship between personal banks and fintech start-ups in relation to collaboration. Data was collected from individuals who were in management , mainly employed in the banking industry. The respondents were sent the questionnaire by email and a mobile link was provided for them to complete the questionnaire. Exploratory factor analysis was used to test validity of the constructs and all the constructs had a Kaiser-Meyer-Olkin value that is above 0.5. The Cronbach value of the constructs was above 0.7, thus demonstrating good reliability. The study found that no relationship exists between the personal banking industry and FinTech start-ups in relation to external corporate venturing, internal corporate venturing and collaboration. This suggests that the South African personal banking industry has not significantly sought to venture with FinTech start-ups internally or externally. This is also the case with collaboration. From a theoretical point of view the research has provided empirical evidence regarding corporate venturing in the South African personal banking space in relation to FinTech start-ups. The study therefore speaks to the need for South African banks to drive corporate entrepreneurial strategies for greater profitability, innovation and strategic renewal
  • No Thumbnail Available
    Item
    Investigating channels of cash circulation adopted by unbanked (African) migrants in Pretoria Central Business District (CBD)
    (2016) Mavodza, Emma
    This study explored cash circulation channels adopted by unbanked migrants in Pretoria Central Business District (CBD), South Africa. To understand the complex nature of cash circulation and the subjective practices of migrants, in-depth interviews were conducted with sixteen migrants selected through snowballing sampling. Collected primary data were analysed thematically, from particular to general themes depending on the responses provided by the informants. The study adopted the Sustainable Livelihoods Framework (SLF) as an analytical tool to show how in the face of structural and institutional barriers, unbanked migrants have the capability to adopt digital solutions and socially embedded channels which are more flexible and sustainable in their livelihoods. These include informal channels such as hawala, malaichas and digital solutions like Kawena and Mukuru. By using this framework, the report reveals what unbanked migrants are doing on the ground, what shapes adopted cash circulation processes and the resultant livelihood outcomes. The study aimed at contributing to previous research on money transfer mechanisms adopted by unbanked African migrants. The conclusion reached is that, by adopting various socially embedded cash circulation channels, unbanked migrants circumvent structural constraints and, by so doing, financially include more people who were previously excluded. Although the study was limited to a small sample, it raises strong implications for policy makers to look at the inherent strength of migrants as development actors. Findings from this exploratory study are critical in that they open new niches for research on migrants and financial exclusion in Africa and beyond.
Copyright Ownership Is Guided By The University's

Intellectual Property policy

Students submitting a Thesis or Dissertation must be aware of current copyright issues. Both for the protection of your original work as well as the protection of another's copyrighted work, you should follow all current copyright law.