The South African Reserve Bank (SARB) has established a FinTech unit to research and recommend policy frameworks for the FinTech sector, among other responsibilities. The announcement was made by Francois Groepe, Deputy Governor of the South African Reserve Bank, at the 13th BCBS-FSI high-level meeting for Africa earlier in 2018.…
South African Reserve Bank
TerraPay Obtains Approval From The South African Reserve Bank To Launch Cross-Border Money Transfers
TerraPay has obtained approval from the South African Reserve Bank to launch cross-border money transfer services in South Africa. Terrapin is the world's first mobile payments switch. "As per a report from FinMark trust, the bulk of remittance flows from South Africa are destined for Zimbabwe, Mozambique and Lesotho, with…