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flag South Africa made PayInc a public utility with a 50% state stake on Nov. 11, 2025, to modernize payments and boost inclusion.

flag The South African Reserve Bank has acquired a 50% stake in PayInc, formerly BankservAfrica, making it a national payments utility in a public-private partnership. flag The move, finalized on November 11, 2025, follows the unbundling of Dandyshelf, allowing Capitec and Investec to become direct shareholders alongside major banks. flag The transformation aims to modernize South Africa’s payment systems, enhancing security, efficiency, and financial inclusion through innovations like PayShap and instant settlement services.

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