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Reserve Bank seeks to break banks’ stranglehold on payments

The South African Reserve Bank is proposing a framework that could allow regulated non-bank providers to offer specified payment services without a banking licence, as it seeks to increase competition and reduce costs.

Reserve Bank seeks to break banks’ stranglehold on payments

We haven't written up this one. IOL has the full story — the link below goes straight to it.

Read the original at iol.co.za →

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