The Southern African Development Community Real Time Gross Settlement (SADC-RTGS) system, formerly known as
SIRESS, celebrated its 10 years of existence on 22 July 2023. The official 10-year anniversary will be celebrated on the 15th of November 2023 in Maputo, Mozambique by the SADC Committee of Central Bank Governors (CCBG) Payment System Subcommittee and Payment System Oversight Committee (PSOC) when both regional
bodies conduct their final quarterly meetings for the year, during this time. The celebration will be used as an opportunity to showcase and reflect on the region’s achievement in payment system integration so far as well as to outline future plans for the system.
The SADC-RTGS system is a regional electronic payment system developed by SADC Member States to settle cross-border transactions faster without having to rely on
intermediary banks from outside the region.
