BankservAfrica brings cross-border payments down to minutes

BankservAfrica, the company responsible for clearing payments between SA’s largest banks, says it has come up with a system for reducing the time and cost associated with cross-border transactions as it battles to stave off the flood of competition and potential disruption in the financial technology sector.

BankservAfrica is the largest automated payments clearing house in Africa and processes bank card, ATM and EFT transactions between the country’s banks as part of the SA National Payments System...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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