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Southern Africa’s payment system nears $1 trillion in settlements

Payment system. Photo by Nathana Rebouças @ Unsplash

Eric Kasongo

Eric Kasongo is a journalist and strategic researcher focused on the political economy of South Africa and DRC, with specialized expertise in mining, energy, and financial markets
  • SADC RTGS settles $12.3bn in August, edging toward $1trn total
  • South Africa, Namibia and Lesotho lead high-value transactions

 

JOHANNESBURG, SOUTH AFRICA – Southern Africa’s regional real-time payment system has quietly become a cornerstone of cross-border finance, settling nearly a trillion dollars since its launch.

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