RPP is an industry-wide initiative involving bank participants, the Payments Association of South Africa (PASA), and the Banking Association of South Africa (BASA). To support these diverse entities, the unique High Performance Transaction Manager (HpTM) of TCS BaNCS for Market Infrastructure will be deployed using cloud-based microservices accessible through APIs.
BankservAfrica’s partnership with TCS BaNCS will enable further growth and transformation in the years to come. “Beyond the RPP, there are several enhancements and initiatives in the pipeline for the payments industry to continue to modernize by providing more immediate benefits to consumers while enabling a smooth transition towards digital solutions in an efficient and costeffective manner,” says Kumalo. “Also, once the RPP has been concluded domestically in South Africa, BankservAfrica has every intention to explore expansion into other African countries.” Find out how.