The Southern African Development Community Real Time Gross Settlement (SADC-RTGS) system, formerly known as SIRESS, celebrated its 10 years of existence today in Maputo, Mozambique. According to the Chairperson of the CCBG Payment Systems Subcommittee, Tim Masela, the decade has seen many milestones, and since its inception until the end of September 2023, the system has settled over 3.1 million transactions to the value of N$12.4 trillion. Nomhle Kangootui #NBCNews #nbcDSTV282 #nbcdigitalnews #

The Southern African Development Community Real Time Gross Settlement (SADC-RTGS) system, formerly known as SIRESS, celebrated its 10 years of existence in July this year. By joining forces, the SADC Committee of Bank Governors (CCBG) says the celebrations will be used as an opportunity to showcase and reflect on the region's achievements in payment system integration so far, as well as to outline future plans for the system. According to the Bank of Namibia's Director of National Payment System