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Interchange Determination Project
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Announcement
The South African Reserve Bank (the Bank) has launched a project to address interchange fees as applicable to each of the payment streams officially recognised and registered within the South African National Payment System. Interchange, as applicable to payment systems, refers to the process whereby banks, through their devices, systems and procedures, facilitate the acceptance, collection, exchange, clearance and settlement of payment instruments utilised by their customers within the National Payment System. Read more . . .
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