Tag Archives: Pay@

Budget’s focus on taxpayer relief bodes well for bill payments

South African’s can say thank you to the Minister of Finance for providing some tax relief during his maiden Budget speech that will put money back into their pockets – something that bodes well for economic activity and the bill payments sector. In the 2022 Budget Speech, delivered by Finance Minister Enoch Godongwana on Wednesday, […]

South African Spending: How to keep the country saving

Did you know that the country’s national savings rate jumped from 14.2% in December 2020 to 18% in the first quarter of this year – the highest it has been since 2010 [i]? According to the South African Reserve Bank, this is a reflection of household spending patterns amid the uncertainty around the COVID-19 pandemic. Hennie Blignaut, […]

The Protection of Personal Information Act: How will it impact SA’s payments landscape?

The Protection of Personal Information Act, 2013 (POPIA) came into full effect from 1 July 2021. The Act is the comprehensive data protection legislation that obliges organisations to lawfully process the personal information of data subjects (both natural and juristic persons) by applying specific principles and conditions. But how will it affect the payments space […]

Efficient Payment Solutions Essential for SME Survival

Small and Medium-sized Enterprises (SMEs) have long been hailed as the lifeblood of the economy. Now, in the wake of the COVID-19 crisis, they are critical for its recovery. Not only do they contribute 35-50% of national GDP globally, they also drive over two-thirds of new job creation[i]. Ultimately, the more SMEs succeed, the better our […]