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Reserve Bank considers creating SA-only cards to take on Visa and Mastercard 5 March 2021 2:58 PM Share This: The South African Reserve Bank (Sarb) is assessing the feasibility of creating a domestic card scheme to rival Visa and Mastercard. Sarb published a consultation paper on the feasibility of a local card scheme earlier this week. It s calling for input on whether a domestic card scheme can work in South Africa, and how would potentially be structured. Sarb s Annah Masoga says the Reserve Bank is on a fact-finding mission before it announces a policy position or regulatory framework. Some have argued that an SA-only card scheme could assist in driving down transaction costs.

South africaAnnah masogaSarb annah masogaWalter volkerJohn maythamNational payment system departmentAfrican reserve bank sarbSouth african reserve bankReserve bankHead policyEarly breakfastAfrican melaneAfternoon driveவால்டர் வோல்கர்தேசிய கட்டணம் அமைப்பு துறைஇருப்பு வங்கி