# summary

- Link: https://dearsouthafrica.co.za/sacard/summary/
- Published: 2021-03-07T12:18:22+02:00
- Author: dearSA

[ Have your say on the SARB consultation paper](https://dearsouthafrica.co.za/sacard/)

### DOWNLOAD DOCUMENTS

 * [SARB Consultation Paper](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2021/03/20190741/Domestic-scheme-feasibility-paper-version-sent-to-stakeholders-1-March-2021s.pdf)
 * [SARB Media statement ](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2021/03/20190740/Media-Statement-Domestic-Card-Scheme-.pdf)

### QUESTIONS TO BE CONSIDERED

**Establishment**
 1. What should be the motivation for and/or against the establishment
of a domestic card scheme in South Africa (SA)? 2. What should the policy objectives
be for establishing a domestic card scheme? 3. How may a domestic card scheme be
established? 4. In your opinion, who is best placed to establish a domestic card
scheme? 5. What type of domestic scheme (i.e. four-party or three-party scheme) 
should be established in SA, and why? 6. What business model should a domestic card
scheme adopt? 7. Should only one domestic card scheme be established or should more
than one be established, and why? 8. In your opinion, how can a domestic card scheme
be established in a cost effective manner?

**Scope**
 9. What type of payments (e.g. ATM, POS, e-commerce) should be enabled
under the domestic card scheme? 10. What type of cards (e.g. debit card, credit 
card) should be issued under the domestic card scheme? 11. Should the domestic card
scheme enable cross-border payments?

**Functions**
 12. What should be the main functions of a domestic card scheme (
e.g. scheme services only or including transaction processing (authorisation and
clearing), or value-added services)?

**Benefits**
 13. What benefits will the establishment of a domestic card scheme
yield for SA? 14. What factors/elements need to be considered for the establishment
of a domestic card scheme in SA?

**Risks/challenges**
 15. What potential risks could a domestic card scheme pose
to SA? 16. What are the challenges that would impede the successful establishment
and sustainability of a domestic card scheme?

**Issuance**
 17. What would motivate an issuer to issue a locally branded ‘domestic
use only’ card? 18. In your opinion, what is required to ensure the success and 
sustainability of a domestic card scheme? 19. Would mandating issuer participation
ensure the adoption and sustainability of a domestic card scheme?

**Pricing and fee structures**
 20. What feasible and sustainable fees and pricing
structures can a domestic card scheme adopt? 21. In your opinion, are merchant service
fees unreasonably high in SA? 22. In your opinion, would lower merchant discount
fees result in lower prices for consumer goods and services?

**Government and regulatory support**
 23. What role can government play in ensuring
the success of a domestic card scheme? 24. What role can regulators play in ensuring
the establishment, adoption and success of a domestic card scheme? 25. What role
can issuers, acquirers, merchants and consumers play in ensuring the success of 
a domestic card scheme?

**Ownership and governance**
 26. What should the optimal ownership and governance
structure of a domestic card scheme be? 27. Should a domestic card scheme be for
profit or for public good? 28. How should a domestic card scheme be funded?

**Cooperation and competition**
 29. Should a domestic card scheme be a stand-alone
entity or enter into a partnership with existing incumbents? 30. Should a domestic
card scheme compete with existing schemes? 31. Can a domestic card scheme be sustainable
if it does not offer processing services? 32. How do you envisage a successful operation
of both a domestic card scheme and an international card scheme in SA? 33. How can
a domestic card scheme interoperate with existing acquiring systems? 34. Would co-
branding with an international card scheme assist with the adoption of a domestic
card scheme?

**Security and standards**
 35. What security features should be a minimum standard
to a domestic card scheme (including card-not-present transactions)? 36. How can
a domestic card scheme protect its data? 37. What standards should be applicable
to 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)