The Future of Payments in South Africa
Finastra recently launched The Future of Payments in South Africa white paper, produced by Lipis Advisors. This white paper will provide cover:
Trends in payments in South Africa and around the world
Status of payment system modernization efforts
Implications for the payments business and IT architectures
Embracing the future of payments and the ecosystem of value
Default Finastra
The payments industry is undergoing significant change. Payment systems, service providers, and banks must be instant, operate 24/7, and leverage insights from data that would have been unthinkable a decade ago. New players are collaborating and competing with traditional financial institutions. The changes brought about by the digital economy have also spurred new regulatory initiatives aimed at protecting privacy, promoting financial inclusion, and fostering competition. These efforts lead market stakeholders to seek new business models, and even entirely new paradigms for payment systems and financial services around the world.
In this white paper, we will cover:
- Global trends in payments
- Recent modernisation efforts in South Africa and SADC
- Evolving payments technology and implications for architecture
