THOMAS PAYS: Payment system set to draw in SA’s underbanked

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South Africa Headlines News

Rapid Payment Programme will help to get millions more transacting in the digital economy

A major change is coming to SA’s banking and payments sector. Known as the Rapid Payment Programme , this evolutionary banking concept aims to create a simpler, safer instant payment ecosystem that would give people the ability to make real-time payments using simple identifiers such as mobile numbers or e-mail addresses.

Led by BankservAfrica in collaboration with the Payments Association of SA , RPP is the first of its kind in the country — unifying the entire banking sector under the common goal of broadening and modernising the industry to include those who had historically relied on cash as their primary payment method...If you have already registered or subscribed, please sign in to continue.

 

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Long overdue! 🤷🏾‍♂️

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