Eswatini Payment Switch (EPS) Fast Payment Module
- Geographic Reach
Eswatini
- Gender disaggregated data
No
- Geographic Region
Southern Africa
- Coverage
Domestic
- Year Of Establishment
2024
- IPS
Cross-domain
- Interoperability Arrangement
Multilateral
- Governance Typology
Central bank led
- Ownership Model
Regulator-owned
- System Owner
Central Bank of Eswatini
- Overseer
Central Bank of Eswatini
- System Governance
Central Bank of Eswatini
- Operator
Eswatini Payment Switch (EPS)
- Settlement Agent
Central Bank of Eswatini
- Number of Unique IPS End Users
89
- Total Number Of Participants
3
- Number Of Direct Participants: Commercial Banks
1
- Number Of Direct Participants: E-money Issuers
-
- Number of Direct Participants: MFIs
-
- Number of Direct Participants: Other
-
- Number of Direct Participants: Post Office
-
- Indirect Participants Type
MNO (1), Building Society (1)
- Number Of Indirect Participants
2
- Supported Use Cases
P2P
- Supported Instruments
Credit EFT,Debit EFT,E-money
- Primary Local Channel
USSD
- Supported Channels
USSD,App,Browser
- QR Code Enabled Type
-
- Messaging Standard
ISO 20022
- Proxy ID
Bank account number , Mobile phone number, Other
- Other Proxy ID Type
Participant ID
- Business Model
Not-for-profit
- Pricing Structure
-
- Scheme Rules Public
Yes
- Additional Recourse Requirements
Yes
- Dispute Resolution Mechanism
Yes
- API Functionality
Yes
- Startup Funding Source
Central Bank of Eswatini - SZL 56 Million
- Participation in Decision Making
Yes
- Mechanism for Decision Making
Weekly Technical & Steering Industry Meetings/Sessions
- Ability to become Direct Participants
No
- Entities that cannot Participate
Non-banks
- Min Value for Transactions
SZL 10
- Corporate Structure
Other
- Other Corporate Structure
Government Owned-autonomous institution
- Pull Request to Pay Enabled
No
- Third Party Connections Enabled
No
- Real Time Payment Confirmation
Yes
- Transaction Validation Enabled
Yes
- Inclusivity Ranking
Not ranked
