Instant payment
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Search complete. 7 mentions across 5 episodes found for "Instant payment".
Oct 16, 2026
Zimasa VabazaHOST
The thing here is that this wasn't born from a single bank's innovation.
Zimasa VabazaHOST
PayShap emerged from the Rapid Payments Program, an industry-led initiative supporting SARB, the Reserve Bank's Vision 2025 framework.
Zimasa VabazaHOST
That framework sets out nine goals for modernizing the national payment system: greater financial inclusion, regional integration, interoperability, cost-effectiveness, and improved financial stability.
Zimasa VabazaHOST
The platform launched in March 2023 with Absa, FNB, Nedbank, and Standard Bank participating.
Zimasa VabazaHOST
Today, 13 banks participate, with two more expected to join soon.
Zimasa VabazaHOST
The original vision was pretty clear as Bankserv Africa's Head of Real-Time Payments, Mpo Saedickie, put it at a launch.
Zimasa VabazaHOST
Every South African, including small business owners and merchants to commercial businesses, they all stand to benefit from the system, one which becomes a viable alternative to cash only.
Zimasa VabazaHOST
I don't know how I feel about cash being almost rendered obsolete, especially in the South African sense, because so many people still use cash.
Graham BarrettHOST
Well, I'm very pleased to say that, uh, Ritu Kothari has joined me.
Graham BarrettHOST
She is Global Head of NBFI's Global Payments and Trade at BNY.
Graham BarrettHOST
Ritu, how are you?
Ritu KothariGUEST
I'm doing very well, thank you so much.
speaker_0HOST
Partnerships like this shift the discussion from whether stablecoins exist to which vendors will make them usable at enterprise scale.
speaker_0HOST
Next, instant payments and bank-led digital money remain active areas of development.
speaker_0HOST
FedNow adoption is reportedly accelerating among major U.S. banks, which could increase pressure on processors and financial institutions to support real-time settlement as a standard capability rather than a premium feature.
speaker_0HOST
At the same time, JPMorgan is reportedly positioning tokenized deposits within enterprise infrastructure discussions.
Paul HorlockGUEST
I think we've got to be thinking really carefully about what's the blend of things that customers will want to do in the future.
Paul HorlockGUEST
What do they really need instant payments on a current faster payments view for? Where does tokenized deposits fit in? Where will they maybe start to use stable coins on a cross-border remittance type basis that actually it's the right thing for them? We've got to start blending that together.
Paul HorlockGUEST
which means the work that design authority is doing for RPIP has to be thinking about the whole case in terms of the ecosystem and the blueprint, not just about a singular delivery of account to account point of sale.
Mark FieldhouseHOST
And AI, I can't have any conversation at the moment without that creeping into the conversation.
speaker_0HOST
Who is it?
speaker_1HOST
They appointed Jeff Sloan, who is the former CEO of Global Payments, as a new chairman.
speaker_0HOST
Oh, wow.
speaker_0HOST
OK.
speaker_0HOST
Right.
speaker_0HOST
And Scotiabank gave up its independent systems and partnered up with Chase Payment Solutions.
speaker_0HOST
Then CIBC formed a partnership with Global Payments.
speaker_1HOST
So the pattern is undeniable.