We work with government, regulators, shareholders and other stakeholders to move the payments industry forward.
BankservAfrica is the largest automated clearing house in Africa. We are authorised as a payments system operator by the Payments Association of South Africa (PASA) under the National Payment System Act. We build and operate South Africa’s core payments infrastructure.
BankservAfrica also defines, builds and operates other digital infrastructure to support African communities and economies.
Our core purpose
We build mutual digital infrastructure that connects economies
What we do – our role in the National Payments System
The group is a trusted partner to the South African financial services industry and is an integral part of the country’s National Payments System (NPS).
We facilitate quality transactions in a regulated financial system that is compliant with international banking best practice and standards, while reducing risk and complexity in the industry.
Leading systems, infrastructure, tools and expertise have ensured that BankservAfrica remains the industry leader in electronic payment and information switching services.
The group’s operational abilities include:
- multiple electronic delivery capabilities;
- facilitation of connectivity;
- message management; and
- billing and compiling management information.
Privacy, safety and security of transmitted and stored data is critical to all of these operational abilities and is managed and governed as a priority.
Certifications and affiliations
- We are a level 2 certified broad-based black economic empowerment (BBBEE) company.
- We successfully completed an assessment by Trustwave against the Payment Card Industry Data Security Standard V3.1 (PCI DSS V3.1).
- We are affiliated to the International Payments Framework Association.
All certificates and affiliations are available for viewing at www.bankservafrica.com.
Our ownership structure
We are owned by the banking community and our mutual ownership supports our core purpose. We are not a profit-maximising company. We seek to create opportunities for profit for our mutual shareholders through cost-effective service provision.