ARTHUR GOLDSTUCK: Future of SA banking is being rewritten
Faster payment processes have shown to be successful
18 August 2024 - 05:48
Banking in South Africa is on the edge of dramatic transformation, but the industry seems to have lost its nerve in making the leap. Initiatives such as BankservAfrica’s rapid payments programme and its PayShap instant payment service maintain the country's banking image as one of the world’s most advanced, yet the average customer does not experience significant change.
“Faster payments programmes in countries with strong government backing have been very successful,” says Dave Glass, CEO and co-founder of Electrum Payments, a fintech company based in Cape Town...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.