Skip to Main Navigation

SADC Transactions Cleared on an Immediate Basis (TCIB) Payment Scheme Project

Abstract*

The proposed project will support the development of a low value credit scheme implemented by SADC member countries to support cross border remittances. The low value credit transfer system known as the Transactions Cleared on an Immediate Basis (TCIB) Payment Scheme Project has been initiated under the SADC Payment System Integration initiative. The objective is to develop a piloting kit for low-value credit transfers to streamline onboarding of...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

Show More

Development Objective

The proposed project development objective (PDO) is to support payment system integration efforts in SADC countries. This will be achieved through (i) design, mobilization and deployment of low value credit scheme implemented by SADC member countries to support cross border transfers of remittances, and (ii) data subscription.

Key Details

Project Details

  • P176529

  • Closed

  • Alice Dubiwa Zanza , Aida Japarova

  • South African Reserve Bank

  • South Africa

  • June 24, 2021

  • (as of board presentation)

    October 21, 2021

  • November 4, 2021

  • US$ 0.45 million

  • N/A

  • Low

  • December 31, 2023

  • No

  • BANK APPROVED

  • June 24, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Payment Systems And Remittances Trust Fund 0.45

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 0.45
Total Project Cost** 0.45

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Satisfactory 2022-09-07
Progress towards achievement of PDO Satisfactory 2022-09-07
Overall Low 2022-09-07

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Design of the Transactions Cleared on an Immediate Basis Payment Scheme (TCIB Scheme) is completedValueDesign is not completedDesign is completedDesign completed
    DateJune 30, 2021December 31, 2023December 31, 2023
    Comment
  • The TCIB scheme is ready for full productionValueTCIB scheme is not availableTCIB Scheme is tested and ready for full productioTCIB scheme is tested and ready for full productio
    DateJune 30, 2021December 31, 2023December 31, 2023
    Comment
  • Number of participants onboarded in the TCIB schemeValue0.0040.0049.00
    DateJune 30, 2021December 31, 2023December 31, 2023
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of member countries trained and sensitized to comply with TCIB onboarding readiness checklistValue0.008.0011.00
    DateJune 30, 2021December 31, 2023December 31, 2023
    Comment
  • Number of PSOC meetings to review implementation of the TCIB scheme in line with agreed planValue0.005.008.00
    DateJuly 1, 2021December 31, 2023December 31, 2023
    Comment