Telecoms companies, fintechs and retailers will be able to connect directly to the national payments system.
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The Reserve Bank wants all of South Africa’s ATMs white-labelled, with free transactions below a threshold, starting with a pilot in January.
South Africa cannot bank the unbanked until it solves identity, Nedbank’s outgoing COO has said.
The banks no longer govern the payment system through a body of their own. A second, larger wave of change is already moving.
Reserve Bank governor Lesetja Kganyago signals a payments bill that will treat fintechs like banks on like activities.
Brics nations are discussing potential linkages between their fast payment systems and central bank digital currencies.
The Competition Commission has recommended approval of Capitec’s R400-million Walletdoc acquisition subject to conditions.
PayInc CEO Stephen Linnell tells the TechCentral Show about PayShap progress, South Africa’s digital payments strategy and more.
Discovery Bank is betting on artificial intelligence, data and payments technology as it expands its customer base.
The Reserve Bank wants to accelerate the adoption of digital payments in South Africa.