The ability to make quicker, easier, cheaper and safer payments is key to making businesses agile in a rapidly evolving world. While innovation is key, the solution must be practical…
Browsing: PayShap
One of the latest financial services institutions to offer instant payments through PayShap is TymeBank, which is South Africa’s real-time digital settlement platform that doesn’t require users to share their…
Capitec and Discovery Bank have become the latest banks to join the PayShap revolution. Account holders at these banks have already started using South Africa’s new real-time, low-value, interbank digital…
South Africa’s first interbank, low-value real-time digital payments service, PayShap has shown a robust market uptake since its launch in March this year. The PayShap data shows that over…
31 July 2023 – FNB has revealed that its customers continue to embrace PayShap for low-value payments. It says 62% of all PayShap payments made by FNB customers are under R500,…
According to the four banks that currently facilitate the service, PayShap, a new payment service launched in South Africa on March 13, has been widely adopted by customers. Customers can…
The newly launched real-time payments digital service, PayShap, is a landmark in South Africa’s payments modernisation journey, which BankservAfrica and the Payments Association of South Africa (PASA) have steered collaboratively. …
On Monday, March 13, 2023, the South African Reserve Bank (SARB), BankservAfrica, and the “big four” banks launched PayShap. The “big four” banks, Absa, Nedbank, FNB, and Standard Bank, introduced…
The launch of PayShap, South Africa’s first low-value, interbank, real-time digital payments service, on March 13, 2023, marks an incredible milestone. “Widely anticipated in the market and global payments community…
