As you know, the South African Reserve Bank (SARB) directive around the DebiCheck (authenticated collections) project became effective on 1 November. From that date, DebiCheck started receiving priority processing.

Real Pay is fully migration-ready, and we encourage all users of our system to start participating in mandate initiation and transaction collections, albeit with low volumes to start with. If you haven’t onboarded yet, please do so now – both to ensure compliance and to avoid any bottlenecks going forward.

As a leading payments service provider in Africa, Real Pay has been deeply involved with this project from the start. We’re fully aligned with DebiCheck with both our sponsoring banks and all three mandatory transaction types, so please don’t hesitate to contact us to support the migration of transactions in a controlled fashion.

Should you have any further queries regarding the content of this newsflash, please contact your Key Account Manager or contact us on debicheck@realpay.co.za or 012 347 0729 for assistance.