National Payments System (NPS) Act Amendments

September 15, 2025

Real-time, low-cost payment platform (SARB project Khokha) with the potential to boost financial inclusion.

The reform involves amendments to the NPS Act, expanding non-bank access, supporting digital payments and enhancing security and competition. For the reform to succeed requires partnerships with telecommunication companies. Technical specs were published in December 2024. Eight banks are currently participating in a digital pilot programme.

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