'Profound' changes coming to South Africa's payments industry

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 30 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 71%

Payments Industry 뉴스

Lesaka,Payments

Forthcoming regulatory changes will allow fintech companies to act more like banks, according to Lesaka Technologies.

regulatory landscape in South Africa will lead to greater financial inclusion and the digitisation of payments because banks will no longer be the only institutions allowed to clear transactions from one party to another.CEO Lincoln Mali, who was speaking to the TechCentral Show in an episode to be published soon.

like Lesaka have been a driver of financial inclusion and payment digitisation, particularly in the informal sector, where cash continues to dominate. “Competition in payment systems is vital to ensuring high service levels to end users and for spurring innovation,” the Reserve Bank document stated. “Due to the nature of their business and the related regulatory environment, banks have historically been the primary providers of payment services to consumers and businesses as well as the main conduit in providing access to clearing and settlement infrastructures for non-banks.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 8. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Ramaphosa Meets Musk, Discusses Investment Opportunities in South Africa as Starlink Expands Across AfricaSouth African President Cyril Ramaphosa met with Elon Musk at the United Nations General Assembly to discuss investment opportunities in South Africa. Meanwhile, Starlink, Musk's satellite internet constellation, is expanding its reach across Africa, now available in eight countries including eSwatini, Botswana, Mozambique, Nigeria, and Zambia.
출처: TheCitizen_News - 🏆 6. / 75 더 많은 것을 읽으십시오 »