Due to recent updates in cross-border payment regulations, Electronic Fund Transfer (EFT) payments to Common Monetary Area (CMA) beneficiaries are no...
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Maroc - CAPETOWNETC.COM - A La Une - 06/Sep 10:30
SA banks to end CMA EFT payments from Monday
Starting Monday, 9 September 2024, South African banks will cease processing electronic funds transfer (EFT) payments and collections within the Common Monetary Area (CMA), Cape {town} Etc reports. Also read: Africa set to receive 51 billion dollars in Chinese funding for development This region includes South Africa, Namibia, Lesotho, and Eswatini and operates under a shared monetary policy. In the...
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