38354 (2024). Arena Williams to the Minister of Commerce and Consumer Affairs

38354 (2024). Arena Williams to the Minister of Commerce and Consumer Affairs: Further to WPQ 37765, will the Minister ask Cabinet to intervene if banks do not commence the roll-out by the end of the year, as he requested in his letter of 29 February 2024, of a confirmation of payee system?

Hon Andrew Bayly: As discussed in my open letter to the banking sector published on 29 February 2024, I have asked banks to implement a confirmation of payee system. I have given them until the end of this year to commence roll-out of this. I will then consider next steps