Michael Avery talks to Ghita Erling, Jan Pilbauer and Karen Nadasen
15 August 2022 - 16:52
byMichael Avery
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Unauthorized Payments Credit cards theft concept. Hacker with credit cards on his laptop using them for unauthorised shopping and unauthorised payments
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The global payments landscape is shifting rapidly with the rise of banking as service, open banking, digital central bank currency trials and cryptocurrencies. And I think it’s probably one of the most exciting times to be in the payments space, once considered the boring dumb pipes of our economic world, this is certainly not the case any more.
The South African Reserve Bank (SARB) will launch its new Rapid Payments Programme later this year. In simple terms, it will give people the ability to make real-time payments using simple identifiers — such as mobile numbers or email addresses — to make transacting almost instantaneous. It is also expected to significantly speed up payment processing times.
And in June 2021, the SARB requested the Payments Association of SA (PASA) to facilitate the co-design of a new Payments Industry Body by an inclusive community of payment system stakeholders.
To talk about this Michael Avery is joined by Ghita Erling, CEO of PASA, Jan Pilbauer, CEO of Bankserv, and Karen Nadasen, CEO of PayU South Africa.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS WATCH WITH MICHAEL AVERY
WATCH: Evolution of payments in SA
Michael Avery talks to Ghita Erling, Jan Pilbauer and Karen Nadasen
Image: 123RF
The global payments landscape is shifting rapidly with the rise of banking as service, open banking, digital central bank currency trials and cryptocurrencies. And I think it’s probably one of the most exciting times to be in the payments space, once considered the boring dumb pipes of our economic world, this is certainly not the case any more.
The South African Reserve Bank (SARB) will launch its new Rapid Payments Programme later this year. In simple terms, it will give people the ability to make real-time payments using simple identifiers — such as mobile numbers or email addresses — to make transacting almost instantaneous. It is also expected to significantly speed up payment processing times.
And in June 2021, the SARB requested the Payments Association of SA (PASA) to facilitate the co-design of a new Payments Industry Body by an inclusive community of payment system stakeholders.
To talk about this Michael Avery is joined by Ghita Erling, CEO of PASA, Jan Pilbauer, CEO of Bankserv, and Karen Nadasen, CEO of PayU South Africa.
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