# SAcard

- Link: https://dearsouthafrica.co.za/sacard/
- Published: 2021-03-07T12:07:20+02:00
- Author: dearSA

### The South African Reserve Bank (SARB) has published a consultation paper titled ‘Consultation paper on the feasibility of establishing a domestic card scheme in South Africa’.

The consultation paper seeks to gather input on the feasibility of establishing 
a domestic card scheme. A card scheme plays a critical role in the card payment 
ecosystem. It enables banks and designated clearing system participants (as card
issuers) to issue cards to cardholders (consumers and business) to effect payment,
withdraw cash and transfer funds.

Currently, South Africa does not have a domestic card scheme. Visa, MasterCard, 
Diners Club and American Express are international card schemes that operate in 
South Africa.

### **3289**** **participants (closed 31 March 2021)

[click to view videos, details and documents ](https://dearsouthafrica.co.za/sacard/summary)

[click to view comments from other participants ](https://dearsouthafrica.co.za/sacard/comments)

![DearSA-SARB-card](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2021/03/
20190740/DearSA-SARB-card.jpg "DearSA-SARB-card")

![Dear South Africa](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2020/09/
02102235/DearSA-logo-s-100x31.jpg "DearSA-logo-s")

## [CLOSED] Have your say – shape the outcome.

**Error:** Contact form not found.

![Dear South Africa](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2020/09/
02102235/DearSA-logo-s-100x31.jpg "DearSA-logo-s")

### SUMMARY

The establishment of a domestic card scheme would benefit underserved communities
in South Africa by enabling and encouraging access to a cheaper, safer and convenient
payment method (i.e. a card as a payment instrument). It may also encourage competition
and innovation that caters to the specific needs of the South African consumer. 
In addition, it would contribute to the promotion of the safety, efficiency and 
integrity of the payment system.

Interested parties are requested to respond to questions in the consultation paper
to assist the SARB to determine the feasibility of establishing a domestic card 
scheme.

### IN THE MEDIA

 * BusinessTech – T[he SARB is looking at new bank cards for South Africa](https://businesstech.co.za/news/banking/472660/the-sarb-is-looking-at-new-bank-cards-for-south-africa/)
 * CapeTalk – [Reserve Bank considers creating SA-only cards to take on Visa and Mastercard](https://www.capetalk.co.za/articles/410518/reserve-bank-considers-creating-sa-only-cards-to-take-on-visa-and-mastercard)

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