The Payments Association of South Africa (PASA) is a recognized Payment System Management Body (PSMB) by the South African Reserve Bank (SARB). PASA manages and regulates payment systems in South Africa, ensuring safe and efficient transactions across various payment streams, including card transactions and high-value bond exchanges[1][3]. Their services include overseeing clearing houses, setting clearing rules, and managing service level agreements[1]. PASA's target audience includes banks and non-bank financial institutions. Their unique selling proposition is providing a unified framework for payment systems, promoting access and competition in the financial sector[3][4].