To provide for the management, administration, operation, regulation and supervision of payment, clearing and settlement systems in the Republic of South Africa; and to provide for connected matters.

Latest Developments:

The National Payment System Act, 1998 (Act No. 78 of 1998), has been updated with Directive in respect of Cybersecurity and Cyber-Resilience within the National Payment System, as per Notice No. 4835 of GG50665, dated 21 May 2024.

The National Payment System Act, 1998 (Act No. 78 of 1998) was amended by a Designation Notice, designating South African Postbank SOC Limited as a Designated Clearing System Participant, as per Notice No. R1242 of GG 43914,  dated 20 November 2020.

The National Payment System Act, 1998 (Act No. 78 of 1998) was amended by a Revocation Notice, Revoking of the designation of the Postbank Division of the South African Post Office Limited as a Designated Clearing System Participant, as per Notice No. R1241 of GG 43914,  dated 20 November 2020.

The National Payments System Act 1998 (Act No. 78 of 1998), has been updated by the amendment to 6.3 of Directive 1 of 2020 (South African Reserve Bank Act 1989), as per Notice No. R988 of GG 43703, dated 11 September 2020.

The National Payments System Act 1998 (Act No. 78 of 1998), has been updated by the Designation of Retail Assist (Pty) Limited, as per Notice No. 603 of GG 43358, dated 29 May 2020.

The National Payment System Act, 1998 (Act No. 78 of 1998) was amended by the Financial Markets Act, 2012 (Act No. 19 of 2012) Government Gazette 36121, dated 1 February 2013.

The National Payment System Act, 1998 (Act No. 78 of 1998) was amended by a Designation Notice, Designating the Postbank Division of the South African Post Office Limited, a Designated Clearing System Participant, as per Notice No. 315 of GG 34323,  dated 27 May 2011.

The National Payment Systems Act, 1998 (Act No. 78 of 1998) has been added to the website and amended up to 2008.