2024 in Review | Providing timely insights into the state of the South African economy, the BankservAfrica Economist Breakfasts in Cape Town and Johannesburg reflected on the year that was and shared predictions for 2025. Catch the highlights here to see what lies ahead for the economy in the year to come: https://lnkd.in/dNq2HNRx #2024highlights #economy #datainsights
About us
BankservAfrica is the largest automated clearing house in Africa. We build and operate South Africa’s core interbank payments infrastructure. Payments AND transactions are our lifeblood and we understand the need for modernisation in the payments landscape. After all, we have been playing a central role in processing billions of payments in South Africa since 1972. All four of South Africa’s high volume banks as well as a consortium of the lower volume banks are shareholders and customers of BankservAfrica. BankservAfrica is regulated by the Payments Association of South Africa (PASA) and South African Reserve Bank (SARB).
- Website
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http://www.bankservafrica.com
External link for BankservAfrica
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Johannesburg, Gauteng
- Type
- Privately Held
- Founded
- 1972
- Specialties
- Payment collection systems, Payment switching, clearing, settlement, Payment consulting services, Hosting and operating mission critical systems, Swift bureau and payment solutions, Disaster recovery and business continuity, and Management information services
Locations
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Primary
243 Booysens Road
Selby
Johannesburg, Gauteng 2001, ZA
Employees at BankservAfrica
Updates
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2024 in Review | As we wrap up the year, we celebrate the collaborative successes for real-time payments in South Africa, with the launch of PayShap Request in early December. Learn more about this service that empowers South Africans to take ownership of the way they pay and get paid here: https://lnkd.in/dgqtBi7S @PayShap #2024highlights #realtimepayments #collaboration
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2024 in Review | The Cloud is transforming industries with its many benefits extending to flexibility and scalability – and the payments sector is no exception. In this industry whitepaper, we tracked the importance of Cloud, embracing this technology in our migration journey. Missed it? Find this special report here: https://lnkd.in/ddfrhgcs #2024highlights #cloud #innovation
BankservAfrica Blog
bankservafrica.com
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Join us as we explore the evolutionary journey of payments that champions financial inclusion, sustainability, and economic growth. We will take a closer look at how the industry is harnessing skills for future readiness, addressing gaps in our digital landscape and leveraging emerging technologies to drive automation - ensuring payments remain secure and accessible to more South Africans. Industry experts, thought leaders and payments professionals will offer diverse perspectives on how we can continue to creative innovative, secure, robust, agile, and interoperable payment systems that are sustainably scaled for today and the future, in our expanding landscape. Be part of the journey! Delegate fees are R3 250 per person excl VAT. For more information about tickets, sponsorships and exhibition opportunities, please contact Dana Jedrisko at danaj@bankservafrica.com. If you are a professional in payments, financial services, or in a related industry, this is one event not to be missed! #conference #exhibition #payments #innovation
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2024 in Review | In November, FNB South Africa and BankservAfrica celebrated a market leading first for enabling cross-border payments between the CMA countries, contributing to greater financial inclusion and powering economies! Read more here: https://lnkd.in/dNgPEG7z #2024highlights #crossborderpayments #financialinclusion
BankservAfrica Blog
bankservafrica.com
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BankservAfrica reposted this
Traderoot Africa is a certified integrator of the SADC real-time, cross-border payment service – Transactions Cleared on an Immediate Basis (TCIB). This ground-breaking scheme has been driven by the team at BankservAfrica and enables the immediate clearing of single credit “push” transactions, settled on a deferred basis. TCIB is open to all banks and authorised non-banks across the Southern African Development Community (SADC), with integration points into other African regions including the East African Community (EAC) and the Common Market for Eastern and Southern Africa and East African Community (COMESA). Read more about our certification on BankServAfrica’s website here - https://lnkd.in/d53WV4Wf Contact our team today and start offering your customers the benefits of TCIB. Email sales@traderootafrica.com or visit https://lnkd.in/gqmpC84n to learn more. #fintech #finance #financialtechnology #mobilepayments #remittance #neobanking #banking #technology #africafintech #finnovation #innovation #payments #TCIB #SADC #perfectingcommerce
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BankservAfrica reposted this
FNB to FNB cross-border payments under E25,000 to South Africa, Namibia, and Lesotho are now processed immediately via FNB Forex. You can now also enjoy the convenience of making payments on weekends and holidays with no cut-off times. FNB is excited to be the first to launch this enhanced cross-border payments solution in partnership with BankservAfrica's Transactions Cleared on an Immediate Basis (TCIB) system.
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The BankservAfrica Economic Transactions Index #BETI remained largely unchanged in November, continuing the sideways trend observed since May 2024. However, optimism levels for improved growth in 2025 and into the medium term, remains the expectation. Find out more here: https://lnkd.in/dhjTK2Tp Elize Kruger (Independent economist), Shergeran Roberto Naidoo #datainsights #transactions #economy
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#BlackFriday2024 highlights 🛍️📊 Black Friday 2024 outperformed an ordinary weekday but showed modest year-on-year growth, according to our data. Factors like pay day timing, and month-long promotions, may have influenced shopping behavior this year, according to Solly Bellingan, Head of Marketing at BankservAfrica. Catch all of our in-store and online shopping trends in this special report and infographic here: https://lnkd.in/d_3FkZ8W #datatrends #shopping #insights