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Economy · Finance

South Africa: Banks Face New Payment Rivals From 2027

newsdesk@scrolla.africa (Scrolla) · AllAfrica
Published 21 Oct 2026, 7:33 pm·1 h ago·1 min read
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[Scrolla] Approved non-bank firms could offer more payment services independently under a Reserve Bank plan targeting mid-2027. Cheaper payments are the goal, but the changes do not guarantee free transactions or an immediate cut in bank charges.

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