Restraints: The banking sector adheres to global benchmarks regarding credit card security but still the system remains vulnerable because its foundational IBM architecture limits this and there is no instantaneous payment system. Photo: Supplied
Experts say the banking system is as advanced as that in Europe but its antiquated infrastructure is difficult to modernise
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- - M&G community membership
- - independent journalism
- - access to all premium articles & features
- - a digital version of the weekly newspaper
- - invites to subscriber-only events
- - the opportunity to test new online features first
Already a subscriber?
Login here.