The central bank of South Africa responsible for overseeing monetary policy and financial stability.
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.
South Africa’s Street Wallet raises $350,000 to expand QR payments for informal traders
Street Wallet raised $350,000 at a valuation of $2 million to expand its operations. The fintech targets informal traders who cannot accept digital payments due to their environments.
Stitch makes second acquisition of 2025, buys Efficacy Payments to deepen card services
Stitch has acquired Efficacy Payments, its second buyout this year. The acquisition positions Stitch among the first South African fintechs to offer direct card acquiring services.
Why South Africa’s Financial Institutions Must Prioritize Regulatory Adherence
Several financial institutions in South Africa have faced administrative sanctions for non-compliance with the Financial Intelligence Centre Act. Recent cases have seen financial institutions paying millions of rands in fines due to non-compliance.
