Regulatory Alerts2025-04-01
CMA EFT Payments Directive No. 1 of 2025
The Central Bank of Eswatini mandates all licensed payment service providers to migrate low-value cross-border electronic funds transfers within the Common Monetary Area from the SADC-RTGS system to a dedicated regional payment scheme. Effective March 31, 2027, providers must finalize the transfer of off-us transactions to the Transactions Cleared on an Immediate Basis (TCIB) scheme and cease routing these payments through SADC-RTGS. This regulatory shift ensures the regularized execution of retail transactions, thereby preserving transparency, operational efficiency, and cost-effectiveness for regional consumers and businesses.
Share