JOHANNESBURG, April 7 /PRNewswire/ --
- Services will link poor people in small towns and rural areas to banking for the first time
CGAP, a microfinance group based at the World Bank, is supporting WIZZIT Bank to deliver banking services to poor people in South Africa's small towns and rural areas. WIZZIT is a division of the South African Bank of Athens Limited.
WIZZIT is in a good position to engage with South Africa's rural communities on a face-to-face basis because WIZZIT does not rely on branches to open accounts and facilitate transactions, says Brian Richardson, co-founder of WIZZIT Bank.