Automated clearing house BankservAfrica and ebpSource, a global billing and payment provider are rolling out South Africa’s first bank-based electronic billing and payment service.

Free Report

Prepare for changes in the Payments market

The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:

ESG
E-commerce
Mobile payments
Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
Fraud & Cybersecurity
Regulations

Download the report now to learn essential strategies to maximize your growth in the face of rapid change.

By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their Privacy Policy Visit our Privacy Policy for more information about our services, how GlobalData may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The new service is being introduced to consumers through connected online banks.

BankservAfrica will manage the service on behalf of the South African commercial banks, with the support and domain expertise from ebpSource.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Electronic Payments International.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Martin Grunewald, CEO of BankservAfrica’s business process outsourcing unit said: "With a focus on massively improved bill delivery and payment efficiency BankservAfrica’s eBilling also offers compelling benefits to South Africa’s billing companies.

"As the service grows it will mean less paper, less printing, more efficient payments, less manual processing, better service and all-round more convenience for customers, banks and billers alike."

Steve Wright, executive vice president of commercial operations at ebpSource said: "BankservAfrica’s eBilling and payment service is the most advanced initiative of its kind in Africa at present and the team is extremely proud to be a part of such a ground-breaking new offering.

"Being heavily involved in such positive change projects at a countrywide level is something ebpSource specialises in."

Nedbank and a number of large billers are already live in the service.

Adriaan du Plessis, executive head of transactional banking at Nedbank said: "Despite this service being in the introductory phase, Nedbank as first-mover, has received positive feedback from the market.

"This service offers fully reconciled payments via the security of the bank’s channels, adding value to any business wishing to expand on the payment mechanisms that its customers and wanting to improve on its operational efficiencies," he added.

Related articles:

Hong Kong introduces consolidated e-payment platform

Fortumo brings mobile payments to Indonesia

ClickPay, NovelPay merge to launch new property billing and payment solution