Programme · Regional
TCIB (Transactions Cleared on an Immediate Basis), SADC's scheme for low-value instant payments
Record SADC-P-0002 · draft, not yet reviewed by a person
Status by track
DeliveryOperating · Sep 2026sources checked 26 Oct 2026
TCIB, SADC's instant retail payment scheme, is managed and operated by BankservAfrica under a mandate from the SADC Payment System Oversight Committee. It went live with Namibia and Zimbabwe in November 2021. In September 2026 it settled 302 transactions worth about R306 million, with eight participants, against 163,588 transactions on SADC-RTGS in the same month.
- settlement volumes, September 2026 · Sep 2026"Total volume settled on the TCIB payments scheme was 302 transactions", worth ZAR 306,258,398.29, with 8 TCIB payment scheme participants "Total volume settled on the TCIB payments scheme was 302 transactions", worth ZAR 306,258,398.29, with 8 TCIB payment scheme participantsnot yet checked by a personSADC-RTGS Settlement Statistics and Indicators, September 2026 · PDF p.1 (as the web reader returned it; a reviewer reports p.2, so confirm against the PDF) · not yet checked by a person
- scheme manager and operator · undated"The SADC PSOC appointed and mandated BankservAfrica (Pty) Limited" and authorised it as the SADC Regional Clearing and Settlement System Operator; "The TCIB Payment Scheme is managed by BankservAfrica as appointed and mandated by the SADC PSOC" "The SADC PSOC appointed and mandated BankservAfrica (Pty) Limited" and authorised it as the SADC Regional Clearing and Settlement System Operator; "The TCIB Payment Scheme is managed by BankservAfrica as appointed and mandated by the SADC PSOC"not yet checked by a personSADC Payment System Oversight Committee Report, April 2021 to June 2024 · printed p.22 (text beside Figure 5, and Figure 6) · not yet checked by a person
- launch in a controlled live environment · Nov 2021"The TCIB Payment Scheme was launched in a controlled live environment with two countries, namely Namibia and Zimbabwe, in November 2021." "The TCIB Payment Scheme was launched in a controlled live environment with two countries, namely Namibia and Zimbabwe, in November 2021."not yet checked by a personSADC Payment System Oversight Committee Report, April 2021 to June 2024 · printed p.3 (foreword) · not yet checked by a person
Not established
- Which countries' participants send through the scheme now. The statistics sheet gives only the totals; the 2024 report's timeline shows a South Africa to Zambia corridor live from February 2024, which was not recorded as a milestone because only a figure label was read.
- Whether 302 transactions in a month is low for the scheme's stage. No target or earlier month was read.
Observations
One month only, September 2026, and the running totals to its end; earlier months' sheets were not read. These are not a trend.
| Period | Segment | Measure | Value | Denominator | Source |
|---|---|---|---|---|---|
| Sep 2026 | TCIB payment scheme | transactions settled in the month | 302 transactions | not applicable (a count) | not yet checked by a person |
| Sep 2026 | TCIB payment scheme | value settled in the month | 306258398.29 ZAR | not applicable (a total) | paraphrase, not a quotation |
| Sep 2026 | TCIB payment scheme | scheme participants | 8 participants | not applicable (a count; the sheet does not say which) | paraphrase, not a quotation |
Institutions named
A role is shown only where a quoted source says what the institution does on this reform.
Reach: 0 cross-border links, 0 blockers, 1 institutions in 1 country. Counted from the records.