BankservAfrica is a payment clearing house (PCH) system operator (PSO) appointed by the PCH participants for 10 payment streams.
South Africa’s largest automated clearing house (ACH)
Since 1972, BankservAfrica has provided over four decades of interbank switching, clearing and settlement services to the South African banking sector and to banks in Africa: facilitating quality transactions in a properly regulated system, compliant with international banking best practice and standards, while reducing risk and complexity in the industry.
BankservAfrica today is the trusted partner of the South African banking industry and is authorised by the payments system management body, Payments Association of South Africa (PASA) to provide the banking industry with critical payment infrastructure and a FMI (financial market infrastructure) solutions provider.
World class systems, infrastructure, tools and expertise have ensured BankservAfrica remains the industry leader in electronic payment and information switching services.
Operational abilities include:
- Multiple electronic delivery capabilities
- Facilitation of connectivity
- Message management
- Billing and the compilation of management information
BankservAfrica’s current BBBEE rating is a level two.
Our shareholders include the four large South African banks as well as a consortium of lower volume South African banks housed in a separate company called Dandyshelf 3 (Pty) Ltd.