Provide Simple, Cost-effective Real-Time Payments

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

BankservAfrica Partnership

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.

Electrum Payments is a robust solution for the secure processing of high-volume transactions.

Read more about the Rapid Payments Programme

RPP Blog image

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