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.
The Webinar Panel
Click to View Speaker Details