DevelopingWorld · South Africa

Reserve Bank pushes digital payments to cut cash use

First reported 2026-10-20 12:19 UTC · Updated 2026-10-20 13:42 UTC · 2 independent sources

The South African Reserve Bank is proposing a framework that could allow regulated non-bank providers to offer specified payment services without a banking licence, as it seeks to increase competition and reduce costs.

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Who reported it

  1. 2026-10-20 12:19 UTCTimesLIVE · timeslive.co.za ↗
  2. 2026-10-20 13:42 UTCIOL · iol.co.za ↗

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