On 28 July, the MBA participated in the latest Board meeting of the SADC Banking Association. The SADC BA includes the Banking Associations of all SADC countries, and is unique in that it operates SIRESS, a ZAR-based low-cost payment system, in collaboration with SARB and SADC central banks. Discussions covered ways of improving the SIRESS system, and an exchange of best practices and news from the SADC region. Members also discussed Afrexim Bank’s Mansa Repository platform – a project to establish a regional KYC platform.
