{"id":840411,"date":"2025-10-20T14:00:00","date_gmt":"2025-10-20T12:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=840411"},"modified":"2025-10-20T13:19:21","modified_gmt":"2025-10-20T11:19:21","slug":"business-talk-payincs-israel-skosana-on-powering-south-africas-digital-payment-future","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/840411\/business-talk-payincs-israel-skosana-on-powering-south-africas-digital-payment-future\/","title":{"rendered":"Business Talk \u2013 PayInc\u2019s Israel Skosana on powering South Africa\u2019s digital payment future"},"content":{"rendered":"\n<p>In this Business Talk with Michael Avery interview, Israel Skosana unpacks how the finance industry is evolving and what hurdles are inhibiting digital payment adoption in South Africa.<\/p>\n\n\n\n<p>Skosana is Chief Product and Scheme Officer at PayInc and a seasoned South African banking executive with over two decades of experience in the finance industry.<\/p>\n\n\n\n<p>Before assuming his current role at PayInc, Skosana held multiple other notable positions at leading financial companies.<\/p>\n\n\n\n<p>These roles include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Chairman of the Board<\/strong> \u2013 Nesa Capital<\/li>\n\n\n\n<li><strong>Regional Councillor<\/strong> \u2013 UnionPay International<\/li>\n\n\n\n<li><strong>Group Executive Head: Card Issuing<\/strong> \u2013 Standard Bank Group<\/li>\n\n\n\n<li><strong>Head of Consumer Products, Debt, and Prepaid Cards<\/strong> \u2013 Mastercard<\/li>\n\n\n\n<li><strong>Head Strategic Development and Partnerships<\/strong> \u2013 Absa<\/li>\n<\/ul>\n\n\n\n<p>Across these roles, Skosana has developed an expertise in ensuring operational excellence and is known for his great policy-level leadership.<\/p>\n\n\n\n<p>He holds an MBA from the Gordon Institute of Business Science (GIBS) and an International Executive Diploma in Banking from Wits and Cass Business School BankSeta.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The interview<\/strong><\/h2>\n\n\n\n<p>In this Business Talk interview, Skosana discusses how trends surrounding card and cash payments in the formal and informal sectors are changing.<\/p>\n\n\n\n<p>Skosana explains how services such as Ozow and PayShap Request are making it easier for South Africans to transact.<\/p>\n\n\n\n<p>He then touches on the role PayInc plays in connecting South Africa\u2019s financial systems and how the company is expanding access to financial services across the country.<\/p>\n\n\n\n<p>Skosana also outlines the recent rebrand of BankServ into PayInc and why collaboration is important in South Africa\u2019s financial sector.<\/p>\n\n\n\n<p>He concludes the interview by sharing the new technologies PayInc is investigating and how the finance industry can overcome the biggest challenges to digital payment adoption in South Africa.<\/p>\n\n\n\n<p>Watch the interview with Israel Skosana below.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Business Talk \u2013 Israel Skosana on how PayInc is powering South Africa\u2019s digital payment future\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/o9lnvgohwSQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Israel Skosana is the Chief Product and Scheme Officer at PayInc and a two-decade veteran in the finance industry, having worked at companies such as UnionPay International, Mastercard, Standard Bank, and Absa.<\/p>\n","protected":false},"author":10,"featured_media":840412,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[23855,23495],"class_list":["post-840411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-israel-skosana","tag-payinc"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=840411"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840411\/revisions"}],"predecessor-version":[{"id":840414,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840411\/revisions\/840414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/840412"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=840411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=840411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=840411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}