From Creamer Media in Johannesburg, this is the Real Economy Report.
Southern African payment clearing utility BankservAfrica and the regional banking community are working together to design a new payment architecture and infrastructure that will help to lower interbank transaction costs and allow new services to be offered, with a special focus on improving financial inclusion. Schalk Burger has the details.
Veteran interbank transaction specialist and BankservAfrica CEO Chris Hamilton explains the process of redesigning the payment clearing system and what the main focuses of the project are.
BankservAfrica CEO Chris Hamilton:
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.