BankservAfrica

BankservAfrica, South Africa’s only payment clearing house and Africa’s largest payment clearing house, processes the majority of South-Africa’s low-value interbank payments. South Africa’s four high volume banks, as well as a consortium of the lower volume banks, are shareholders and customers of BankservAfrica. Bankserv has been providing interbank switching, clearing and settlement services to the South African banking sector (and to banks in Africa), for more than 40 years. They facilitate quality transactions in a properly regulated system, complying with international banking best practices and standards, while reducing risk and complexity in the industry. BankservAfrica’s world class system, infrastructure, tools and expertise ensure that they remain the industry leader in electronic payment and information switching services. BankservAfrica specialises in Payment collection systems, Payment switching, clearing, settlement, Payment consulting services, Hosting and operation mission critical systems, Swift bureau and payment solutions, Disaster recovery and business continuity, and Management information services.