Instant payments are key to growing the regional economy, but the use of the US dollar adds unnecessary costs.
Browsing: BankservAfrica
In the aftermath of Black Friday, it’s clear there have been big changes in consumer spending patterns.
Investec is launching a payments system for its corporate clients to process high-volume, low-value payments.
FNB now facilitates real-time cross border payments in South Africa, Namibia, Lesotho and Eswatini.
BankservAfrica said on Wednesday that average take-home pay in South Africa reached a record level in September.
MTN has expanded MoMo’s remittance network by adding 25 new wallet corridors across 10 African countries.
BankServAfrica’s aim is to reduce the cost of sending money across SADC borders by taking advantage of economies of scale.
The adoption of rapid payments in South Africa, via PayShap, is far lower than in countries such as India and Brazil.
Interbank payments provider BankservAfrica has appointed Stephen Linnell as its new CEO, replacing Jan Pilbauer
TymeBank has become the latest financial services institution to offer instant payments through PayShap.