According to Murray Gardiner, managing director of Bluecode Africa, implemented correctly and with the right empowering technology baked in, a domestic payment scheme could be a game-changer for South Africa. He noted this following the South African Reserve Bank's (Sarb) recent request for comment on whether a domestic card scheme could work in SA and how it should be structured.
Murray Gardiner, managing director of Bluecode AfricaWhile nothing about the domestic card scheme, including the ownership and technical structure, has been decided, Gardiner believes it’s a step in the right direction. We should celebrate any merchant payment system that removes the dependency on foreign card schemes and accelerates South Africa’s transition to the digital economy while aligning the country with the global trend to digital mobile payments.