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Street Wallet, a new payment platform aimed at informal traders, is hoping to help South Africa's marginalised vendors enter the digital economy.
The web-based platform is the brainchild of Kosta Scholiadis, who first conceived of the idea in 2021 and was later convinced to follow through with the plan after a Cape Town busker presented him with a SnapScan QR code to make payment when he said he had no cash.
Admiring the entrepreneurial chutzpah of the busker, Scholiadis began looking into how many street vendors were using similar QR code-based payment options, only to realise that many were unbanked.
