
Payments Project
The SADC Banking Association is mandated by the Committee of Central Bank Governors in SADC (CCBG) to house and operate the Payment Scheme Management Body for Banks that settle transactions over the SADC-RTGS.
In support of regional financial integration, the CCBGʼs Payment subcommittee, through the SADC BA, is providing commercial banks in SADC with the opportunity to inform the development of financial market infrastructure to support inter and intra regional trade.
Being in the cooperative (non-competitive) space, the focus of the SADC BAʼs interventions are defining payments instruments, business rules, and messaging standards in the interbank space.
The Board of the SADC BA embraces this opportunity and is keen that efforts on this initiative translate to improved customer service, cost reductions, and efficiencies (higher levels of automation and STP) in the cross border payments environment.
Cooperative Space vs. Competitive Space

The SADC BA’s Mandate
- Set and implement regional standards for payments
messaging in-line with international standards - Define and Develop the regional payments instruments
- Promote the development of interoperable systems
- Develop business processes, rule books, operating manual,
messaging guidelines, and formats in support of regional
payments processing and settlement - Assume the role of Payment Scheme Management Body for
the SADC Integrated Real Time Electronic Settlement System
(SADC-RTGS) environment and execute related functions
associated with this role including reporting into the Payments
SADC Oversight Committee (PSOC).

SADC-RTGS Participants
Angola




DRC

Lesotho





Malawi









Mozambique






Seychelles

Tanzania






Zimbabwe














Botswana


Eswatini





Madagascar


Madagascar

Mauritius



Namibia





South Africa










Zambia










SADC-RTGS Stakeholders






