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title: Solve taxis and cash dies: Shop2Shop’s township thesis
description: Shop2Shop CEO Peter Berry, speaking hours after Pepkor announced a merger with Flash to create a R21.3-billion fintech platform, predicts cash will disappear...
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og:description: Shop2Shop CEO Peter Berry, speaking hours after Pepkor announced a merger with Flash to create a R21.3-billion fintech platform, predicts cash will disappear...
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# Solve taxis and cash dies: Shop2Shop’s township thesis

**[TechCentral](https://daily.dev/sources/techcentral)** · 4 min read · 0 upvotes · 0 comments

## Summary

Shop2Shop CEO Peter Berry, speaking hours after Pepkor announced a merger with Flash to create a R21.3-billion fintech platform, predicts cash will disappear from South Africa's townships once taxi payments are digitised. The taxi industry is identified as the last major anchor keeping cash alive in the informal economy. Shop2Shop already serves 177,000 traders and has grown money digitised through its ecosystem from R58-billion to R172-billion over three years (44% CAGR). The combined entity, FintechCo, will process over R200-billion annually and plans a separate listing. Berry envisions spaza shop owners becoming multi-store entrepreneurs as the informal market formalises, drawing a parallel to China's highly digitalised payments landscape.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcentral.co.za/solve-taxis-and-cash-dies-shop2shops-township-thesis/284052>

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---

Tags: [#fintech](https://daily.dev/tags/fintech), [#digital-payments](https://daily.dev/tags/digital-payments)

[View this post on daily.dev](https://daily.dev/posts/solve-taxis-and-cash-dies-shop2shop-s-township-thesis-o00zgcdxd)

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