# South African Reserve Bank governor Lesetja Kganyago says greater competition in payment services can drive innovation and lower costs, but regulation must keep pace. Speaking at the bank’s Payments Conference 2026, Kganyago said non-bank providers should be allowed to offer certain services without facing the same rules as traditional banks. He says the proposed authorisation framework would match regulation to risk, and operational resilience to protect consumers:
Kganyago backs payment competition with stronger regulation [SOUND]
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