Angolan Kwanza Added to SADC Cross-Border Payment System, Says South African Reserve Bank
Angolan Kwanza Added to SADC Cross-Border Payment System, Says South African Reserve Bank
The move marks a milestone in expanding the platform beyond the South African rand since its launch in 2013, SARB Governor Lesetja Kganyago announced.
"It strengthens regional financial connectivity, and it shows that Africa can build sophisticated financial market infrastructure that responds to African priorities," he said.
Key details:
Faster, safer transfers – The SADC-RTGS system facilitates real-time settlement of cross-border transactions across 15 SADC member states, with 89 participating banks.
Big money moving –Trade and interbank transactions between Angola and other SADC countries reached approximately $3.77 billion across nine currencies in 2025. South Africa accounted for nearly $2.99 billion of these flows.
Part of a bigger push – The system is one of several initiatives underway to improve cross-border payments across Africa, alongside PAPSS and the AfCFTA Protocol on Digital Trade.
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