Big EFT and debit order changes coming soon.

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GUEST - Ghita Erling, CEO: Payments Association of South Africa.

South African banks will implement a big electronic funds transfer (EFT) payment change in September 2024, impacting direct payments and debit orders. The change followed a decision by the Common Monetary Area (CMA) regulators to discontinue processing EFT payments and collections within the CMA.

4 Jul 2024 10AM English South Africa Business News · Investing

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