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