South Africa plans tighter payment oversight for Temu and Shein as cross-border e-commerce rules expand
South Africa is preparing a new regulatory framework that will tighten oversight of payment intermediaries supporting cross-border online shopping platforms such as Temu and Shein, marking another step in the country’s broader effort to strengthen regulation of international e-commerce. The South African Reserve Bank (SARB) confirmed the plans in its latest National Payment System Regulatory…
