PayShap: South Africa’s first rapid payments programme
In the initial phase, PayShap users can access the real-time payment feature to pay recipients instantly, using either their bank details or a proxy via a unique identifier called ShapID...
Tag : South African Reserve Bank
South Africa slashes interest rates to lowest in four years
The Monetary Policy Committee voted in unison to lower the repurchase rate to 6.25% from 6.5%...
South Africa central bank: Africapacity eyeing VBS for R2 bn
Africapacity made its intent known although it is yet to formally apply for a banking licence...
South Africa’s central bank prepares to sell 50% stake in African Bank
African Bank was placed under the central bank five years ago when low-income clients failed to pay back personal loans...
Standard Bank Group selects AWS as its preferred cloud provider
One of Africa’s largest lenders selects AWS to accelerate mass migration, drive digital transformation, and enhance security posture in the cloud...