Season 13 Episode 17
Israel Skosana on how PayInc is powering South Africa’s digital payment future
20 October 2025 · 19:55 min
In this episode of Business Talk, we speak with Israel Skosana, Chief Product and Scheme Officer at PayInc, formerly BankservAfrica. He discusses the company’s rebrand and its mission to build a more inclusive and innovative payments ecosystem. Israel explains how PayInc is positioning itself as… the infrastructure layer that powers South Africa’s digital payment revolution, driving efficiency, trust, and financial inclusion through collaboration with banks, fintechs, telcos, and regulators.
He also shares insights into the future of payments — from real-time transactions and AI-driven fraud prevention to the growing role of PayShap in reducing cash dependence. By strengthening trust, lowering transaction costs, and fostering collaboration across the financial sector, PayInc is helping to shape a safer, more connected digital economy for South Africans.
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