Browsing: National Payments System

In a bid to boost financial inclusion in South Africa, bank accounts may soon be linked to easy-to-remember identifiers like cellphone numbers. The linking of bank accounts to easy-to-remember identifiers

The South African Reserve Bank is open to issuing a national digital currency, which would likely be based on blockchain or distributed ledger technology. “If we go the route of issuing a digital currency, the objective would be to take