Payments & Regulatory Insights

If your business collects money for clients, pays funds out to multiple people, processes payment instructions, facilitates merchant payments or sits within a payment flow on behalf of others, there is an important legal and regulatory question to ask early: Does your business need PASA registration or authorisation? Many businesses in the payments space describe themselves as fintechs, aggregators, collection platforms, payment facilitators or technology providers. Those lab

If your business moves money, issues stored value, supports merchant payments, facilitates remittances or sits between payer and payee, it is worth asking a harder question: Is your business legally and operationally ready for South Africa’s evolving payments framework? South Africa’s payments environment is moving toward a more structured, activity-based and interoperable regulatory model. The SARB has consistently indicated through its Payments Ecosystem Modernisation Progr

South Africa’s payments industry is entering a period of significant regulatory and structural change. For fintechs, payment platforms, wallet providers, remittance businesses, payment facilitators, aggregators, and other payment service providers, the way payment activities are structured, governed and regulated is becoming increasingly important. National Treasury has described the South African Reserve Bank’s Payments Ecosystem Modernisation Programme (PEM) as: One of the