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PASA – the Payments Association of South Africa – was recognised by the South African Reserve Bank (SARB) as the Payment System Management Body (PSMB) of South Africa in 1998. In this role, PASA oversees the function of 18 different payment streams ranging from low value debit card transactions to high value bond exchange payments. We have also implemented several initiatives that have shaped the payments landscape in South Africa, including the Rapid Payments Programme and DebiCheck.

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