The backbone of South Africa's financial infrastructure, facilitating clearing and settlement processes.
South Africa Opens National Payment System to Fintechs Under SARB Modernisation Drive
SARB announces that non-bank fintechs will have direct access to the National Payment System for the first time. This decision is part of SARB's Payments Ecosystem Modernisation framework aligned with Vision 2025.
SARB opens national payment system to fintechs under new rules
SARB extends access to the National Payment System to non-bank fintechs under its modernization strategy. Entry requires robust governance, capital adequacy, client fund segregation, and AML/IT compliance.
