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Common Monetary Area countries move to regularise electronic funds transfer payments
Published Date:
2024-07-26
Last Modified Date:
2024-07-26, 09:39 AM
Category:
Media > Media Releases | What's New
As of 30 September 2024, low-value electronic funds transfers (EFTs), debit and credit payments made between Common Monetary Area (CMA) countries, namely Eswatini, Lesotho, Namibia and South Africa, will be treated as cross-border transactions and subject to greater due diligence requirements.