Finance › Speeches › Lesetja Kganyago

Paradigm shift - the future of payments in South Africa

· Lesetja Kganyago, Governor of the South African Reserve Bank (South Africa)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, development and emerging economies, technology, ai and cyber risk

LK
· Lesetja Kganyago Wiki · South African Reserve Bank WikiParadigm shift - the future of payments in South Africa

ContextOpening address by Lesetja Kganyago, Governor of the South African Reserve Bank, at the 2024 Payments Conference, Johannesburg, 2 October 2024.

Why it mattersSouth Africa's governor sets out a plan to reduce reliance on cash through modern payments.

Problems raised
  1. South Africa still relies heavily on cash.
  2. Peers adopt digital payments faster.
  3. Public and private roles are unclear.
Solutions proposed
  1. Modernise payments.
  2. Speed digital adoption.
  3. Define the central bank's public role.
Read full speech on bis.org ↗

More from Lesetja Kganyago · South African Reserve Bank · all speeches

More speeches by Lesetja Kganyago

Other leaders on payments, digital money and crypto-assets