News

Introducing the SADC TCIB Payment Scheme

The SADC Treaty aims to promote regional integration; sustainable economic growth and social development; and the eradication of poverty and improvements in the quality of life of the people of the region. The treaty sets out several areas of co-operation between member states, including:

• Fostering regional development and integration on the basis of balance, equity, and mutual benefit;
• Co-ordinating, rationalising, and harmonising macroeconomic policies, strategies, programmes, and projects; and
• Co-operating in trade, industry, finance, investment, and mining.

Download e-Newsletter Issue in your language prefrence.

The SADC Payments Buzz

The SADC BA is pursing mobile payments, ahead of the other mechanisms, as part of its cross-border payment initiative. This strategy has the support of the Bill and Melinda Gates Foundation.

This year the SADC BA has worked with banks and mobile money service providers (MMSPs) and initiating proof-of-concept testing. In the first quarter of 2018, proof-of-capability tests will be conducted with the Regional Clearing House and the Regional Clearing and Settlement Operator, and two banks and two non-banks.

Each country has ‘payment leaders’ who represent SADC BA on the payments project. Members are urged to engage with these payment leaders and share information and updates, as both parties work to make the SADC BA Payment Strategy succeed.

Other cross-border transactions the SADC BA has been working on include:

• EFT Credits
• USD inclusion in SIRESS
• EFT Debits
• Debit Card

SADC BA Training Expansion in the Region

The SADC Banking Association embarked on their Payments Training in the region during October 2015. The training was successfully delivered in the Common Monetary Area (CMA) – South Africa, Swaziland, Lesotho and Namibia as well as Zimbabwe from the non CMA area of the SADC in the first round.

Download e-Newsletter Issue in your language prefrence.

TREK4Mandela Team Summits Mount Kilimanjaro on Madiba’s Birthday

It is a proud moment for the SADC BA as it celebrates the outstanding achievement of Mr. Cas Coovadia, Vice Chairperson of the SADC Banking Association and MD of the Banking Association of South Africa.

Congratulations! Cas and the rest of the Trek4Mandela team who summited Mount Kilimanjaro on 18 July 2016. The team were led by Mr. Sibusiso Vilane, the first African person in the world to conquer the Three Poles Challenge (reaching the South Pole, North Pole and Mount Everest).

Download e-Newsletter Issue in your language prefrence.