{"id":55417,"date":"2024-09-05T18:15:49","date_gmt":"2024-09-05T18:15:49","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/south-african-banks-introduce-regulatory-changes-in-banking-system"},"modified":"2024-09-06T11:26:06","modified_gmt":"2024-09-06T11:26:06","slug":"south-african-banks-introduce-regulatory-changes-in-banking-system","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/south-african-banks-introduce-regulatory-changes-in-banking-system","title":{"rendered":"South African Banks Introduce Regulatory Changes in Banking System,"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eswatini. <\/strong><\/span><b>Payments to Eswatini and other Countries within Common Monetary Area to be Processed as Global Payments. South African banks including the First National Bank(FNB) have introduced Regulatory changes in the payment system for transactions between eSwatini, Lesotho,Namibia and South Africa.<\/b><\/p>\n<p>\u201cDue to regulatory requirements from 10 September 2024, Electronic Funds Transfer(EFT) payments between Eswatini, Lesotho, Namibia and South Africa(the Common Monetary Area) must be processed as Forex transactions using Global Payments and Receipts on the FNB App and Online Banking\u201d, reads a notice in part, released by FNB informing customers about the changes.<\/p>\n<p>The new Regulatory changes mean more information about the receiver or beneficiaries of the funds will be required and this include Proof of Address and other details.<\/p>\n<p><strong>For More News And Analysis About Eswatini Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eswatini. Payments to Eswatini and other Countries within Common Monetary Area to be Processed as Global Payments. South African banks including the First National Bank(FNB) have introduced Regulatory changes in the payment system for transactions between eSwatini, Lesotho,Namibia and South Africa. \u201cDue to regulatory requirements from 10 September 2024, Electronic Funds Transfer(EFT) payments [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":55416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[249],"class_list":["post-55417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-eswatini"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South African Banks Introduce Regulatory Changes in Banking System, - Eswatini<\/title>\n<meta name=\"description\" content=\"Payments to Eswatini and other Countries within Common Monetary Area to be Processed as Global Payments. 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