The Opposition is suggesting that the government step up efforts to modernise the public sector payment system which its claims remains mainly manual.
Opposition Senator, Wade Mark, made the point during his contribution to the Bills Of Exchange Amendment Bill, in the Senate today.
Senator Mark claimed in 2004 the then government led by Patrick Manning set up a committee of high ranking professionals which focused on the reform of the financial system.
He said one of the recommendations the committee had put forward was the establishment of a new national payment system.
Senator Mark claimed South Africa is making progress in this area and the state needs to intensify its work.
Senator Mark also claimed that a loan was borrowed from the Inter-American Bank with respect to this development.
However, in response, Minister of Finance, Colm Imbert, said progress is being made in this area and the necessary ground work is being carried out.