The South African Reserve Bank (“the
SARB”) has repeatedly emphasised – most recently in
its Vision 2025 document – that a modern, safe, and interoperable
payment ecosystem is now a strategic imperative. Interoperability,
stronger consumer safeguards, and an explicit framework for the
regulation of non-bank payment service providers are singled out in
Vision 2025 as urgent policy
outcomes. Against that backdrop, many
market participants are asking when the long-awaited National
Payment System Bill (“NPS Bill”) will
finally surface.
Although Parliamentary officials have confirmed that, as at the
date of writing, the Bill has not yet been introduced in either the
National…
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mud pie man
Fun South African Fact: South Africa has hosted the football (2010), cricket (2003) and rugby (1995) world cups
Twister Hero
Forgive me for being a bit of an idiot but where do I find your newsletter subscription service?