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...
absa
bankservafrica
first national bank (fnb)
nedbank
payments association of south africa (pasa)
payshap
prudentialauthority (pa)
rapid payments programme (rpp)
south african reserve bank (sarb)
standard bank
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...
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...