South African banks will implement a big electronic funds transfer (EFT) payment change next week, impacting direct payments and debit orders. The change followed the Common Monetary Area (CMA) ...

The CEO of a digital payments company has taken issue with the SA Reserve Bank’s warning to consumers not to pay online retailers via instant EFT because they are making themselves vulnerable to fraud ...

The South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA), in consultation with the Payments Association of South Africa (PASA), would like to issue a warning to ...

South African account holders can no longer make EFT payments to account holders in other Common Monetary Area (CMA) countries, including Eswatini, Lesotho, and Namibia. From Monday, 9 September, the ...