SADC Payment Integration System – PERISA Case Study 2 on Private Sector

On 22 July 2013 the Southern African Development Community (SADC) Integrated Regional Electronic Settlement System (SIRESS) became operational in the four countries of the Common Monetary Area (CMA): South Africa, Namibia, Lesotho and Swaziland. This is a first step to implementing a common electronic cross-border payment system across all member states of the SADC regional economic community (REC).