South Africa may link digital ID to PEMKey payments
South Africa could use the government digital ID in the MyMzansi app to seed payment credentials under the Reserve Bank's PEMKey programme, avoiding separate onboarding. The central bank has not confirmed whether MyMzansi credentials will be accepted. The digital ID is targeted for 2027/2028.
- MyMzansi received R150-million; digital ID targeted for 2027/2028
- PEMKey aims for reusable payment credentials with no central repository
- Reserve Bank has not confirmed MyMzansi credentials in the PEMKey sandbox
- DIDx works on government digital identity projects and for Sars
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