The platform, which will allow payments to and from bank accounts and mobile-money wallets, has been under preparation for over a year, Pilbauer says from Johannesburg. It will go live in a month, with a first group of participants including ZB Bank in Zimbabwe, Virtual Technology Services in Namibia and Selcom Paytech in Tanzania. Initial payments will be in rand and US dollars.
“Seamless payment systems can contribute to economic recovery,” once the worst of the Covid-19 pandemic is over, Pilbauer says. “You can’t do it only on a domestic level.”