In 2018, the South African Reserve Bank (SARB), which is legally responsible for the country’s payments infrastructure, published the National Payment System Framework and Strategy - Vision 2025, which outlines the key goals for the national payments industry.
The SARB is expecting consumers and businesses to have more trust in, and familiarity with, electronic payments by 2025. To realise this vision, it’s calling on industry stakeholders to collaborate to ensure the safety, efficiency, integrity, transparency, and accessibility of the country’s national payment system (NPS).
BankServAfrica, in partnership with the Payments Association of South Africa and the Banking Association of South Africa, has developed the Rapid Payments Programme (RPP), set to go live this year is an inter-banking system poised to revolutionize digital transactions.
This discussion will cover:
📌 Cloud Technology influencing; time to market, cost of optimization, management of operational risk
📌 Real Time Payments; RRP, cost-effective, real-time payment functionality
📌 ISO adoption – SAMOS, EFT; South Africa will soon bring ISO 20022-based modernization to existing domestic systems, like SAMOS and EFT. We'll discuss opportunities for real-time payments and ISO 20022 to accelerate the growth of electronic payments
The Key Take-Aways
Cloud Technology for time to market, cost of optimization, management of operational risk
Real Time Payments; RRP, cost-effective, real-time payment functionality
ISO adoption – SAMOS, EFT
And many more.
This Webinar is in Partnership with
We are a global financial technology company, with two decades of experience serving as trusted strategic partners for financial institutions of all sizes.
We help our clients become more competitive by simplifying their systems and processes so they can stay ahead of emerging market trends. We help them accelerate digital transformation and modernization and deliver a superior experience so that they can grow their business and become leaders in their markets.
Our solutions for payments and financial messaging automation are mission-critical. They power some of the world’s largest banks, market infrastructures, exchanges, clearinghouses, and card networks. Trillions of dollars move through our systems on a daily basis. For just one of our clients, we process over 800 million transactions a day. Everything we offer is available on-premises or in the cloud.
Today, Volante operates worldwide, serving 100+ customers in over 35 countries. We are a privately held firm and a Delaware corporation. Our global headquarters are in Jersey City, NJ, with regional offices in London, Dubai, Mexico City, Bogota, Santiago, Chennai, Hyderabad and Pune.