pasaClient Overview

PASA’s formation emanated from global efforts to address risks associated with payment systems, and South Africa’s reintegration in the world economy in the early 1990s. It was recognised that an asset as important as the National Payment System (NPS) required better organisation and regulation. As a result, during 1994, the banking industry requested the South African Reserve Bank (SARB) to take the lead in the modernisation process of the domestic payment system.