SADC cross-border payments live in South Africa and Zambia Read More
About SADC Banking Association
This website primarily serves to facilitate membership interaction on the various initiatives being coordinated by the Association.
It also serves to provide other stakeholders, including the public, with insights on the central role that the Association plays in facilitating commercial bank participation and contribution to the process of financial sector development and integration within the SADC region.
Member Nations of SADC BA
The SADC-RTGS (formerly known as SIRESS) is the regional cross border real-time gross settlement (RTGS) system in the SADC region. SADC-RTGS is an automated interbank settlement system operated by the South African Reserve Bank (SARB), as appointed by the SADC participating member central banks…
Banks interested in joining the SADC-RTGS may contact SADC-RTGS-Onboarding at SADC-RTGS-Onboarding@resbank.co.za or click on these documents.
All Operational Notices and Statistics can be found on the CCBG website
Transactions Cleared on an Immediate Basis
(TCIB) Payment Stream
Since The SADC-RTGS payment went live in 2013 with High Value Payments, there have been additional opportunities in SADC (and impacts as a result):
- An opportunity to increase financial inclusion
- An opportunity to decrease the costs of cross-border remittances.
The TCIB Payment Steam facilitates these low value cross-border payments (originating from e-wallets, bank accounts or cash-in) to either a mobile or bank account or cash pay-out.
Payments are cleared through the appointed Regional Clearing Settlement Operator, BankservAfrica with final ZAR settlementtaking place in the SADC-RTGS payment platform. Non-ZAR currencies are settled via Correspondent Banking arrangements. Participants include Banks and Non-banks.
Banks interested in joining the TCIB may contact Ms Litha Ngwane at LithaN@Bankservafrica.com or click on these documents.
SADC-RTGS Participant Banks
Courses & Training
Keep informed and updated on all news related to your bank.
What is the SADC User Group Conference all about? The RTGS User Group Conference, started four years ago and is hosted on a country rotational basis. The conference provides users of the system and the SADC community an opportunity to share best practices from peers across the region keeping abreast with the latest SADC-RTGS developments…
The SADC Treaty aims to promote regional integration; sustainable economic growth and social development; and the eradication…
The SADC BA is pursing mobile payments, ahead of the other mechanisms, as part of its cross-border payment initiative…