SADC – Banking Association – SADC

About SADC Banking Association

This website primarily serves to facilitate membership interaction on the various initiatives being coordinated by the Association.

It also serves to provide other stakeholders, including the public, with insights on the central role that the Association plays in facilitating commercial bank participation and contribution to the process of financial sector development and integration within the SADC region.

Angola

Eswatini

Mauritius

South Africa

Zimbabwe

Botswana

Lesotho

Mozambique

Seychelles

Zambia

DRC

Malawi

Namibia

Tanzania

Payment Projects

The SADC Banking Association is mandated by the Committee of Central Bank Governors in SADC (CCBG) to house and operate the Payment Scheme Management Body for Banks…

SADC-RTGS

The SADC-RTGS (formerly known as SIRESS) is the regional cross border real-time gross settlement (RTGS) system in the SADC region. SADC-RTGS is an automated interbank settlement system operated by the South African Reserve Bank (SARB), as appointed by the SADC participating member central banks…

Banks interested in joining the SADC-RTGS may contact Ms Litha Ngwane at LithaN@Bankservafrica.com or click on these documents.

English Portuguese French

All Operational Notices and Statistics can be found on the CCBG website

SADC-RTGS Awareness Raising Communication

To promote the SADC-RTGS in SADC, a communications toolkit has been developed, it consists of:

A Powerpoint Presentation and
An A5 Leaflet

Transactions Cleared on an Immediate Basis
(TCIB) Payment Stream

Since The SADC-RTGS payment went live in 2013 with High Value Payments, there have been additional opportunities in SADC (and impacts as a result):

An opportunity to increase financial inclusion
An opportunity to decrease the costs of cross-border remittances.

The TCIB Payment Steam facilitates these low value cross-border payments (originating from e-wallets, bank accounts or cash-in) to either a mobile or bank account or cash pay-out.

Payments are cleared through the appointed Regional Clearing Settlement Operator, BankservAfrica with final ZAR settlementtaking place in the SADC-RTGS payment platform. Non-ZAR currencies are settled via Correspondent Banking arrangements. Participants include Banks and Non-banks.

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