The South African Reserve Bank (SARB) is implementing new regulations for companies facilitating cross-border payments. This move aims to increase oversight of the rapidly expanding digital payments sector, driven by e-commerce growth. The regulatory framework will focus on enhancing consumer protection within these transactions. Currently, these facilitators operate largely outside of traditional banking regulations. The SARB believes formal regulation is necessary to mitigate risks and ensure stability in the financial system. Details of the framework are expected to be released shortly, outlining specific requirements for these payment providers. This decision reflects a global trend toward regulating the fintech industry and digital financial flows.