
Episode #6
Architecting the future of payment processing | Israel Skosana, PayInc
In this episode of Between the Seams , Junaid Dadan , President & Co-Founder at Stitch, speaks with Israel Skosana , Chief Product and Scheme Officer at PAYINC . They explore the evolution of South Africa's national payments landscape, the transition from BankservAfrica to PayInc with 50% ownership from the South African Reserve Bank (SARB), and the future of instant account-based payments like PayShap. The conversation covers key opportunities in modernizing retail payments, solving fragmentation through standardized QR codes, driving financial inclusion, combating fraud through ecosystem collaboration, and the long-term vision for seamless, low-cost digital payments across South Africa by 2030.





