SA’s national payment system, the backbone of the country’s financial system, is grappling with a skills shortage dilemma, worsened by emigration of skilled personnel, the Payment Association of SA (Pasa) has revealed.

The skills shortage comes at a time when the country is looking at modernising the industry and building a more inclusive payments system amid a rapidly changing global payments landscape characterised by the emergence of disruptive technologies, increased cyberthreats, regulation, and consumer demands for faster, cost-effective payments...

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