BankservAfrica is an automated clearing house on the continent, and has been developing the so-called Transactions Cleared on an Immediate Basis (TCIB) payment scheme to simplify cross-border digital peer-to-peer payments.
Speaking at a media event in Johannesburg on Wednesday, Herbst explained how the uptake of TCIB was progressing in the Common Monetary Area.
As of end-September, TCIB has officially started processing low value payments among individuals living in South Africa, Eswatini, Lesotho and Namibia.
‘Like handing over a banknote’
Esta historia es de la edición November 08, 2024 de The Citizen.
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Esta historia es de la edición November 08, 2024 de The Citizen.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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Vienna lights up streets for shoppers
MARKETS: SUPPORT FOR STRUGGLING RETAILERS
A front-row seat to the rich tapestry of nature
River cruising offers intimate experience
The song remains the same
It's the message not the medium that's important
Downs intent on hitting hard
If you think Mamelodi Sundowns will take their foot off the pedal should they race to an early lead in the Carling Knockout final against Magesi FC, then you're grossly mistaken.
Clean sweep beckons
STICK: SPRINGBOKS CHASE THE COMPLETE PERFORMANCE AGAINST WALES
Recognising burgeoning talent
AWARDS: FEINBERG-MNGOMEZULU COULD CAP A BREAKTHROUGH YEAR IN MONACO
Deputy Howley backs Gatland to get Wales out of trouble
Under-fire Wales boss Warren Gatland is the \"world's best coach\" and going nowhere, according to assistant Rob Howley (right).
Flyhalf is very 'Sexton-esque'
Sam Prendergast (above) has never been lacking in self-confidence, with his talent evident to many, and today he will get to pull the strings for Ireland at flyhalf in the Test against Fiji.
Scottish success riding on Aussie Test
Huw Jones believes the success of Scotland's November international campaign will be judged on whether they beat a rejuvenated Australia at Murrayfield tomorrow.
French defeat is hard to swallow
ALL BLACKS: SHOWING HEALTHY RESPECT FOR AZZURRI
