The Rapid Payments Programme (RPP) is an initiative by BankservAfrica that requires all South African banks to build simpler, more cost-effective real-time payment functionality into their product offering to accommodate high-volume, low-value transactions.
Modernise Your Offering with Real-Time Payments:
Credit Push for Real-Time Payments
Make digital transactions more accessible and reduce reliance on cash: Transfer money from accounts at different banks instantly, at little-to-no cost
Pay by Proxy for Simpler Payments
Reduce complexity in initiating payments by only requiring a simple proxy such as a recipient’s phone number to pay
Request-to-pay for Faster Payments
Help payees initiate payments from payers faster through an easy-to-use notification service
Work With a Trusted Industry Leader
As a trusted industry partner, Electrum will help you to accelerate the adoption of the new BankservAfrica RPP scheme. With a single, simplified integration into various payment solutions, banks can easily adopt new services to cater to customers’ demands through a variety of use cases.
You can also benefit from Electrum’s overlay services that include fraud and risk management services, pre-built integrations into core banking systems, interoperable QR payments, BackOffice tooling, and customer support interfaces.
Make Consumer-Driven Payments a Reality
Meet consumer demands for fast, innovative payment solutions
Realise fast time to value with clean integrations and infrastructure designed to handle high volumes
Become an industry leader in the emerging payments ecosystem
Take Real-Time Payments to Market Fast
Trusted by South Africa’s biggest banks and major retailers, Electrum has established itself as the industry expert to help you not only meet BankServAfrica’s mandate but also delight your customers with a stand-out offering:
Ready-to-use turnkey solutions
Scalable solutions with an agile, cloud-native tech stack
Trust the secure ITIL COBIT PCI-DSS and ISO-27001 aligned platform to keep your information safe
Electrum has partnered with BankservAfrica to build the RPP Testing Platform with which all BankservAfrica participants are able to test their RPP implementations before going to market.