South Africa is rebuilding the machinery behind its payments system

When a payment arrives within seconds, customers rarely think about what happens behind the scenes of the transaction. But South Africa is rebuilding that hidden machinery , changing both the rules for who can participate in payments and the infrastructure used to move money. At a Standard Bank roundtable in Johannesburg on Wednesday, three payments executives outlined how new regulations, richer payment data, and faster cross-border rails are reshaping the industry.