{"id":265257,"date":"2025-11-11T09:17:22","date_gmt":"2025-11-11T10:17:22","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=265257"},"modified":"2025-11-11T12:03:01","modified_gmt":"2025-11-11T12:03:01","slug":"sarb-concludes-transaction-to-become-a-50-shareholder-in-payinc","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/sarb-concludes-transaction-to-become-a-50-shareholder-in-payinc\/","title":{"rendered":"SARB concludes transaction to become a 50% shareholder in PayInc"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

PayInc, formerly BankservAfrica, on Tuesday announced the conclusion of a landmark transaction that positions the South African Reserve Bank (SARB) as a 50% shareholder, alongside leading commercial banks.<\/p>\n

With all transaction steps now complete, the SARB joins Absa, Access Bank, African Bank, Capitec, Citibank SA, FirstRand, Investec, Nedbank and Standard Bank as direct shareholders.<\/p>\n

The transaction establishes PayInc as the National Payments Utility (NPU) and is designed to accelerate the modernisation of the national payments system.<\/p>\n

The SARB\u2019s equity subscription establishes PayInc as a national Payments Utility, jointly owned by the central bank and South Africa\u2019s commercial banks. This unique public\u2013private partnership provides the foundation for building a digital payments ecosystem that is more secure, efficient, and inclusive \u2013 enabling greater economic participation for all South Africans.<\/p>\n

\u201cThis moment reflects the culmination of a shared vision between the SARB, the banking industry, and PayInc to transform South Africa\u2019s payments infrastructure,\u201d said Stephen Linnell, the CEO of PayInc. \u201cWith the SARB as a direct shareholder, PayInc is better positioned than ever to deliver modern, affordable, and inclusive payment services that will unlock growth across our economy.\u201d<\/p>\n

PayInc has long been at the heart of South Africa\u2019s payments system. From its origins as BankservAfrica more than five decades ago, the company has played a vital role in enabling electronic, card, cash, and cheque payments. Today, PayInc\u2019s focus is firmly on digital payment innovation and inclusivity.<\/p>\n

\u201cThe conclusion of this transaction sets the stage for the next era of payments in South Africa,\u201d added Linnell. \u201cAs PayInc assumes a broader role as the national payments utility, we are proud to be working with all our stakeholders in scaling digital payments and enabling a payment ecosystem that is secure, efficient, and inclusive.\u201d<\/p>\n

BUSINESS REPORT<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

PayInc, formerly BankservAfrica, on Tuesday announced the conclusion of a landmark transaction that positions the South African Reserve Bank (SARB) as a 50% shareholder, alongside leading commercial banks.With all transaction steps now complete, the SARB joins Absa, Access Bank, African Bank, Capitec, Citibank SA, FirstRand, Investec, Nedbank and Standard Bank as direct shareholders.The transaction establishes PayInc as the National Payments Utility (NPU) and is designed to accelerate the modernisation of the national payments system.The SARB\u2019s equity subscription establishes PayInc as a national Payments Utility, jointly owned by the central bank and South Africa\u2019s commercial banks. This unique public\u2013private partnership provides the foundation for building a digital payments ecosystem that is more secure, efficient, and inclusive \u2013 enabling greater economic participation for all South Africans.\u201cThis moment reflects the culmination of a shared vision between the SARB, the banking industry, and PayInc to transform South Africa\u2019s payments infrastructure,\u201d said Stephen Linnell, the CEO of PayInc. \u201cWith the SARB as a direct shareholder, PayInc is better positioned than ever to deliver modern, affordable, and inclusive payment services that will unlock growth across our economy.\u201dPayInc has long been at the heart of South Africa\u2019s payments system. From its origins as BankservAfrica more than five decades ago, the company has played a vital role in enabling electronic, card, cash, and cheque payments. Today, PayInc\u2019s focus is firmly on digital payment innovation and inclusivity.\u201cThe conclusion of this transaction sets the stage for the next era of payments in South Africa,\u201d added Linnell. \u201cAs PayInc assumes a broader role as the national payments utility, we are proud to be working with all our stakeholders in scaling digital payments and enabling a payment ecosystem that is secure, efficient, and inclusive.\u201dBUSINESS REPORT<\/p>","protected":false},"author":1,"featured_media":16015,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-265257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/265257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=265257"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/265257\/revisions"}],"predecessor-version":[{"id":265258,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/265257\/revisions\/265258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/16015"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=265257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=265257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=265257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}