Author: Lerato Lamola

On The Road To A Cashless Society – SARB Digital Payments Roadmap

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On 18 April 2024, the South African Reserve Bank (SARB) published its digital payments roadmap. The document entitled Digital Payments Roadmap: Towards Inclusive, Accessible, Effective and Sustainable Digital Payments in South Africa, sets out a 17-action item plan that the SARB has for tackling identified obstacles, barriers and challenges to the adoption of an increase and effective use of digital payment in South Africa. This Roadmap follows from the National Payment System Framework and Strategy Vision 2025: Action Plan published in March 2018. The benefits of digital payments are identified to be safety, convenience, cost-effectiveness, women empowerment, business opportunities, and…

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