Real Time Clearing (RTC)
- Geographic Reach
South Africa
- Gender
No
- Geographic Region
Southern Africa
- Coverage
Domestic
- Year Of Establishment
2006
- Ips Type
Bank
- Interoperability Arrangement
Multilateral
- Governance Typology
Industry led
- Ownership Model
Participant-owned
- System Owner
BankserveAfrica
- Overseer
Payments Association of South Africa
- System Governance
BankservAfrica
- Operator
BankservAfrica
- Settlement Agent
South African Reserve Bank (central bank)
- Number Of Unique Ips End Users
-
- Total Number Of Participants2025
19
- Number Of Direct Participants Commercial Banks
18
- Number Of Direct Participants EMoney Issuers
-
- Number Of Direct Participants MFIs
-
- Number Of Direct Participants Other
-
- Number Of Direct Participants Post Office
-
- Indirect Participants Type
Payment service providers
- Number Of Indirect Participants
1
- Supported Use Cases
P2P, P2B , B2B, B2P, P2G
- Supported Instruments
Credit EFT
- Primary Local Channel
App
- Supported Channels
Agent (banking), App, Browser
- Qr Code Enabled Type
-
- Messaging Standard
ISO 8583
- Proxy Id
-
- Other Proxy Id Type
-
- Business Model
Not-for-loss
- Pricing Structure
Transaction fee and fixed fee
- Scheme Rules Public
No scheme rules in place
- Additional Recourse Requirements
No
- Dispute Resolution Mechanism
No
- Api Use Function
Yes
- Startup Funding Source
Founding members and operators
- Participation In Decision Making
Yes
- Mechanism For Decision Making
Via the Payments clearing house structure
- Ability To Become Direct Participants
No
- Entities That Cannot Participate
The appointed payment systems operator (PSO), Service providers (SO)
- Min Value For Transactions
0.01 Rand (1 cent)
- Corporate Structure
Private limited company
- Other Corporate Structure
-
- Pull Request To Pay Enabled
No
- Third Party Connections Enabled
No
- Real Time Payment Confirmation
Yes
- Transaction Validation Enabled
No
- Inclusivity Ranking
Basic
