Mampho Modise on payments reforms and the hierarchy of money
Sarb's deputy governor discusses conflicting crypto directives, wholesale CBDC plans, expensive remittance and a Brics gold-backed settlement unit
South Africa currently holds the G20 presidency. A core G20 target is faster, cheaper cross-border payments by 2027. Given that sub-Saharan Africa remains the most expensive remittance corridor globally, how do you view solutions offered by digital assets versus on traditional banking rails?
The most recent G20 roadmap key performance indicator findings point to improving remittance outcomes in sub-Saharan Africa, particularly in terms of faster one-hour settlement and a decline in costs. However
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