The Reserve Bank’s plan to overhaul the payments ecosystem should help expand participation by fintechs.
Browsing: South African Reserve Bank
Myriad factors have contributed to the “slow” adoption of digital payment rails in South Africa.
The Reserve Bank has simulated disaster scenarios aimed at keeping the financial system functioning in a crisis.
Lyle Horsley, head of fintech at the Reserve Bank, tells the TechCentral Show about the G20 TechSprint and other initiatives being spearheaded under the G20 banner.
Crypto exchange Luno says this classification will lead to increased institutional investment and greater tax collection.
DA federal chair Helen Zille is bullish about bitcoin but has said it shouldn’t be used in South Africa’s strategic reserve.
Instant payments are key to growing the regional economy, but the use of the US dollar adds unnecessary costs.
The Reserve Bank is working to drive financial inclusion by digitising cash and making instant payments across borders an everyday reality.
Financial inclusion requires that non-banks be able to clear and settle payments, the Reserve Bank has told TechCentral.
The annual inflation rate slowed sharply to 2.8% in October, data showed on Wednesday.