Cash is not king Central bank says managing cash costs economy R30bn annually 27 June 2025 - 05:00 The SA Reserve Bank is pushing for an overhaul of the country’s payments regime with non-banks set to enter the clearing and settlement system in a move that will see the hegemony of the traditional banks further challenged by fintechs.For this to happen, the regulations governing SA’s payments landscape will need to be changed, a task that Tim Masela, head of the SA Reserve Bank’s national payment system department, said the Bank was engaged in...
https://lh3.googleusercontent.com/mNB8rSOt79EzhXNj8e-8bRvtXh18VpFlgCE7dSFjpQ2CmslKklxiT3uoORAbZrCw5WysbCqIKUpLg6Kju3jHOGWkQaVIj9w1wCDdfJgaatUnYQ
Cash is not king
Central bank says managing cash costs economy R30bn annually
27 June 2025 – 05:00
The SA Reserve Bank is pushing for an overhaul of the country’s payments regime with non-banks set to enter the clearing and settlement system in a move that will see the hegemony of the traditional banks further challenged by fintechs.
For this to happen, the regulations governing SA’s payments landscape will need to be changed, a task that Tim Masela, head of the SA Reserve Bank’s national payment system department, said the Bank was engaged in…
About Author
This post was originally published on this site
