PASA Council is responsible for the strategic direction and governance of the Association. Council represents the interests of members and bears the responsibility of ensuring an efficient, reliable and stable payments environment to serve the economy and people of the country.

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PASA Council is constituted of a chairperson and representatives, from;

• Five Association members (banks) with the highest throughput, as a product of value and volume cleared through the interbank systems during the previous year.
• Two Association members elected by the rest of the members and;
• The South African Reserve Bank is a non-voting member.

Chairperson of PASA Council

The members of Council, on a bi-annual basis, elect the chairperson from their ranks. The bank of the elected chairperson has to appoint an additional representative as the chairperson does not represent their bank and has no vote on Council. A schedule of rotation applies to the position of chairperson. No bank may have a chairperson serving for more than four years within a cycle of twelve (12) years.

PASA Council Members

• Current Chairperson: Nedbank Limited
• Five member banks with the highest throughput:
  • Absa Bank Limited
  • FirstRand Bank Limited
  • Investec Bank Limited
  • Nedbank Limited
  • The Standard Bank of SA Limited
• Two member banks representing the rest of the members:
  • Capitec Bank Limited
  • Mercantile Bank Limited
• Non-voting member:
  • South African Reserve Bank