Payments Association of South Africa


In June 2021 the South African Reserve Bank (SARB) requested PASA to facilitate the co-design of a new Payments Industry Body (PIB) by an inclusive community of payment system stakeholders.

 The outcome of this effort will be proposed to the SARB for consideration and possible adoption.

 Guidance from the SARB on the purpose of the new PIB is that it must:

- Be in the interest of the National Payment System (NPS)

- Achieve and maintain interoperability

- Assist the SARB and other related regulators in ensuring a safe and efficient NPS

- Support the execution of Vision 2025 and other policy goals

The principles set out in guidance received from the SARB are:

- Pursuit of interoperability

- Collaboration and cooperation

- Representative and inclusive industry structures

- Collective pursuit of broader NPS goals

This page will be updated with highlights from each industry workshop. To make sure that you receive notifications about the updates please follow the PASA LinkedIn page at


PIB Highlights

There are two main project structures currently active in the PIB project:

The Design Team
The Design Team will not be designing the PIB, but rather ensuring that the process to design the PIB is credible, that the content is balanced, fair and that any issues between payments industry stakeholder ("onion ring") cores in the Sign-Off process are resolved. Members of the Design Team do not represent specific sectors but are selected to serve the process as a whole.

The mandate of the Design Team is clearly articulated across three dimensions:

  1. Process: overseeing that the process run by PASA and the project team is fair, transparent and credible.
  2. Content: ensuring that the content presented to the industry forum for consultation is credible, balanced and unbiased. 
  3. Problem resolution: assisting if the sign-off process cannot be agreed across different cores of the payments industry stakeholder “onion ring”.

Selected on the core principles of credibility, expertise and experience and to provide diverse perspectives, the Design Team consists of:

1.            Bradley Wattrus

2.            Busi Radebe

3.            Dirk Ehlers

4.            Gavin Reubenson

5.            Gerhard Oosthuizen

6.            Ghita Erling

7.            Hennie Ferreira

8.            Herman Singh

9.            Jacque du Toit

10.          Jan Pilbauer

11.          Kagisho Dichabe

12.          Karen Nadasen

13.          Rufaida Banoobhai

14.          Sydney Gericke

15.          Wynand Malan

The Industry Forum
The Industry Forum consists of all stakeholders who make up the broader payments community. The Industry Forum is consulted on all PIB design elements, and their feedback is solicited and then integrated into final proposals for formal sign off through the agreed sign-off process.  This process is designed so that natural groupings (inner, middle or outer core participants) sign-off independently based on sufficient consensus between all the participants in any of the cores.  Should issues arise between cores or groupings, the Design Team will facilitate resolution.

In preparation for the first Industry Forum meeting, we requested the invitees to complete a survey on what will make the PIB design process successful and which functional elements of possible PIB responsibilities should be considered. The survey showed strong support for the importance of an inclusive Payments Industry Body and emphasised areas of concern and interest.

269 separate entities were invited to attend the first Industry Forum meeting that was held on 7 September 2021. The agenda included:

-        Results of the PIB Survey

-        The role of the Industry Forum

-        The role of the Design Team

-        Members of the Design Team and how they were selected

-        The sign-off process

MAIN HIGHLIGHT: 97% of participants formally accepted the structures and processes proposed for the PIB design effort.


-       Phenomenal effort putting this together

-       Leaders are knowledgeable and open-minded

-       Appreciate the anonymous voting

-       Good interaction and a good start to more collaboration

-       Broad engagement, good facilitators, well structured