Its role as Africa's largest automated payments clearing house is primarily attributed to its substantial transaction volume.

Prior to its formation in 1972 as the Automated Clearing Bureau (Pty) Limited, various industry-owned companies operated independently in different payment channels.

Its significance as a trusted partner in the South African financial services industry contributes to the stability of the national payments system.

Notably, BankservAfrica introduced the groundbreaking SASWITCH brand in the 1980s, enabling remote ATM access across various institutions, regardless of network protocol.

BankservAfrica offers a comprehensive range of services, including payment collection, switching, clearing, settlement, consulting, system hosting, and business process outsourcing.