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SADC – Banking Association

SADC - Banking Association

SADC - Banking Association

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Payments Project

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

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Contact

secretariat@sadcbanking.org

+27 (0)11 645 6718

32 Princess of Wales Terrance,
Parktown, Johannesburg

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