A truly cashless world is still a long way away, at least for SA.

In this edition of the Business Day Spotlight, we’re looking at the development of digital payments infrastructure in SA.

Our host Mudiwa Gavaza is joined by Jan Pilbauer, CEO at BankservAfrica, which clears and processes bank card, ATM and EFT transactions between the country’s banks as part of the SA National Payments System.

The discussion also touches on BankservAfrica’s business model, relationship with banks and SA Reserve Bank, the amount of transactions processed by their systems on a daily basis, ways in which payments can be improved in SA, the Rapid Payments Program and cross border payments.