Kganyago says Reserve Bank wanted 100% of PayInc

• The Reserve Bank of South Africa wanted to own 100% of PayInc, a payment utility, to ensure its development aligns with the central bank's goals.
• PayInc, formerly known as BankservAfrica, is a significant clearing house in Africa, with the Reserve Bank owning a 50% stake acquired in November 2025.
• The Reserve Bank's decision not to bring in non-banking entities as shareholders may impact the future development and growth of PayInc, potentially limiting its access to external funding and expertise.