As South Africa’s payments landscape evolves, integrating informal and Co-operative Banking Institutions into the formal financial system remains a critical barrier to inclusive economic growth. MoData, a payments technology enabler with deep roots in cash and digital payments infrastructure, offers scalable solutions, strategic consulting, and ecosystem engagement which can help bring key stakeholders like Co-operative Banking Institutions into the fold.

South Africa’s payments ecosystem is undergoing a profound transformation. At the heart of this shift is the South African Reserve Bank (SARB) and its Payments Ecosystem Modernisation (PEM) Programme – a strategic initiative aimed at modernising infrastructure, promoting financial inclusion and reducing systemic risk. “This modernisation is not just about updating systems or technology. It’s about building a payments infrastructure that truly serves the people of South Africa,” says Lesetja Kganyago, Governor of the South African Reserve Bank (SARB).