Acts Online
GT Shield

National Payment System Act, 1998 (Act No. 78 of 1998)

7. Payments to third persons



A person may as a regular feature of that person's business accept money or payment instructions from any other person for purposes of making payment on behalf of that other person to a third person to whom that payment is due, if-

b) the first-mentioned person is the postal company defined in section 1 of the Post Office Act, 1958 (Act 44 of 1958), or the Postbank as defined in section 51 of the Postal Services Act, 1998 (Act 124 of 1998); or
c) the money is accepted or payment made in accordance with directives issued by the Reserve Bank from time to time in terms of section 12.