Protection of Personal Information Act: How will it impact SA’s payments landscape?

– – The Protection of Personal Information Act, 2013 (POPIA) came into full effect from 1 July 2021. The Act is the comprehensive data protection legislation that obliges organisations to lawfully process the personal information of data subjects (both natural and juristic persons) by applying specific principles and conditions. But how will it affect the payments space specifically? “As businesses in the payments industry process copious amounts of personal information, they now have to change many elements of the way they operate in order to accommodate the Act,” says Cecil…

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