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SADC

Transactions Cleared on an Immediate Basis (TCIB)

Scheme name: Transactions Cleared on an Immediate Basis (TCIB)

IIPS Type: Cross-domain

Inclusivity level: Not ranked

Year of establishment: 2021

System owner: SADC PSOC

Overseer: SADC Payment System Oversight Committee

Operator: BankservAfrica

Total Participants: 26

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CategoryTransactions Cleared on an Immediate Basis (TCIB)
Geographic reachRegional
Geographic descriptionSADC
Scheme governanceSADC Payment System Oversight Committee
Settlement agentSADC - RTGS
Participants - commercial banks24
Participants - MMOs1
Participants - non-bank PSPs1
Participants - MFIs0
Volumes 2018-
Volumes 2019-
Volumes 2020-
Volumes 2021N/A
Values 2018- USD
Values 2019- USD
Values 2020- USD
Values 2021N/A
Values 2022N/A
GNI (%)N/A
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyPPP
Messaging standardISO 20022
Types of proxy IDsMobile number; QR code
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceYes
CB governance involvementYes
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityNo
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseNo
Not-for-lossYes

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