prudential authority (pa)

  1. Jan

    BankservAfrica, Reserve Bank, PASA, banks launch PayShap rapid payments system

    PayShap launches in South Africa The South African Reserve Bank (SARB), BankservAfrica, and four prominent banks launched PayShap on Monday, 13 March 2023. The Rapid Payments Programme will go live with the four banks immediately, meaning FNB, Absa, Nedbank, and Standard Bank customers can use...
  2. Jan

    Old Mutual receives approval to apply for banking licence

    Old Mutual to launch bank in South Africa Old Mutual says it received Prudential Authority approval to apply for a banking licence in South Africa, plans to launch in 2024, and break even in three years. The financial service company announced the development in a voluntary trading update for...
  3. Jan

    Prudential Authority says SA banks refusing to work with crypto service providers is a bad idea

    South Africa's central bank makes huge announcement about cryptocurrency exchanges The South African Reserve Bank’s Prudential Authority has issued a guidance note to banks discouraging them from cutting off companies that offer cryptocurrency services. In a note signed by Prudential Authority...
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