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Payment using a card machine
Reserve Bank Governor Lesetja Kganyago says improving cross-border payments and fast payment systems will be a central focus during South Africa’s G20 presidency.
Kganyago has stressed that these improvements are important in achieving greater financial inclusion and broader economic development.
The Central Bank Governor delivered the opening remarks at the conclusion of the G20 Sherpa, Finance and Central Bank Deputies’ four-day meeting in Sandton.
He also reflected on the progress made by the G20 and challenges in implementing financial reforms.
“We believe that the South African Presidency presents a good opportunity to look back at the FSB (Financial Services Board) work over the past 15 years and find practical solutions in enhancing implementation to ensure the continued resilience of the global financial system.”
Yesterday, Finance Minister Enoch Godongwana delivered the opening remarks at the G20 Sherpa meeting:
