SARB (South African Reserve Bank)

The South African Reserve Bank (SARB) is South Africa's central bank and the primary regulatory authority overseeing the country's payment system. The SARB governs the National Payment System (NPS) through the National Payment System Act and sets the regulatory framework within which payment service providers, banks and fintechs operate. Key SARB initiatives affecting the payments landscape include Vision 2025 — which introduced PayShap — and ongoing regulation of open banking, cross-border payments and emerging payment technologies.