What they do

Facilitating modernised transactional interoperability in Africa

They are Africa’s leading automated clearing house (ACH) – the transactional link between many of its major payment institutions. From their two replicating processing sites in Johannesburg, their advanced payment systems allow for seamless interbank switching, clearing and settlement. Their extensive processing infrastructure, together with their economies of scale, mean they can provide these key payment systems at maximum cost-efficiency and minimum complexity.

In South Africa, they are the banking sector’s long-time trusted clearing partner and official payment system operator (PSO), as authorised by the Payments Association of South Africa (PASA). They have been ensuring increased interoperability between banks in their home country for decades, reducing risk and producing world-first innovations such as SASWITCH along the way. More recently, they have been facilitating increasing interoperability on a regional, cross-country level. With their team of innovative payments experts at the helm, they are ready to help usher in a whole new era of modern, digital payments infrastructure on the continent.