The global payments landscape is shifting rapidly with the rise of banking as service, open banking, digital central bank currency trials, cryptocurrencies and I think it’s probably one of the most exciting times to be in the payments space, once considered the boring dumb pipes of our economic worlds, this is certainly not the case anymore.
The South African Reserve Bank will launch its new Rapid Payments Programme (RPP) later this year.
In simple terms, it will give people the ability to make real-time payments using simple identifiers – like mobile numbers or e-mail addresses – to make transacting almost instantaneous. It is also expected to significantly speed up payment processing times.
And In June 2021 the South African Reserve Bank (SARB) requested PASA to facilitate the co-design of a new Payments Industry Body (PIB) by an inclusive community of payment system stakeholders

To talk about this Michael Avery is joined by Ghita Erling, CEO of Payment Association of South Africa (PASA); Jan Pilbauer, CEO of Bankserv and Karen Nadasen, CEO of PayU South Africa