PayInc – a bold step for utility payments in South Africa
Digital payments are the future for an inclusive and active economy.
Auto Added by WPeMatico
Digital payments are the future for an inclusive and active economy.
Digital payments are the future for an inclusive and active economy.
Shergeran Naidoo of PayInc (formerly BankservAfrica) describes the company’s function as a payment clearinghouse, its ownership by the banking sector, and its commitment to financial inclusion. He highlights the launch of the PayInc Economic Index, as well as efforts to support the unbanked and underbanked through digital innovation.
South Africa’s payments backbone relies on deep integration between PayInc, financial institutions, technology providers and businesses.
Stephen Linnell, CEO of PayInc, outlines how the rebrand from BankservAfrica marks a new chapter focused on advancing financial inclusion, shifting the economy beyond cash, and fostering collaboration between banks, fintechs and regulators.