Have your say: On the Reserve Bank SA – Only Credit Card Scheme

  • March 15th, 2021

The SA Reserve Bank has published a consultation paper titled ‘Consultation paper on the feasibility of establishing a domestic card scheme in South  Africa’.  The consultation paper seeks to gather input on the feasibility of establishing a domestic card scheme.  A card scheme plays a critical role in the card payment ecosystem.  It enables banks and designated clearing system participants to issue cards to cardholders to effect payment, etc.  Currently SA does not have a domestic card scheme.   Visa, MasterCard, Diners Club and Amex are international card schemes that operate in SA.  Log onto Dear South Africa’s website or visit the article on KLCBT’s website and follow the links to have your say on this important issue.  The deadline for comments is 31 March 2021.

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