BankingBusiness

Tata Consultancy Services: Selected as tech provider for SA’s rapid payments

  • TCS BaNCS™ for Market Infrastructure selected by BankservAfrica to drive the Rapid Payments Program (RPP)
  • RPP aims to introduce instant payments, usage of proxy resolution for easier addressability, and the ability to initiate payments using a request-to-pay
  • All these capabilities, along with the expansion of the payments ecosystem to banking and non-banking players
  • BankservAfrica selected the TCS BaNCS for Market Infrastructure solution to create a modern
  • The solution’s unified clearing approach will consolidate multiple payment rails into a single solution while offering the flexibility
  • Complete ISO 20022 support will enable standardization and the solution’s APIs will allow for easy integration with ecosystems and overlays
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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