South African banks have largely slashed their instant payment charges following the introduction of PayShap to the local market. This is according to the Solidarity Research Institute (SRI) Bank Cost ...

Over the past year, the number of Standard Bank clients registering for PayShap grew by 9%, and active use of ShapID for transactions has increased tenfold (817%) year-on-year. "This data clearly ...

BankservAfrica has increased the upper payment limit for PayShap transactions from R3 000 to R50 000. BankservAfrica, the automated payments clearing house that built and maintains PayShap, the ...

PayShap Request allows businesses to send payment requests securely to individuals or other businesses, eliminating the need for manual payment processes. When authorised, payments are approved and ...

BankservAfrica’s PayShap rapid payments system has experienced strong growth since inception, and is preparing to expand to local small businesses and merchants later this year. It also seeks to make ...

Because a transfer to another bank tends to only reflect the next business day, these types of immediate payments are common ...

PayShap — the rapid payments programme launched in March 2023 — has expanded to more banks, with Capitec and Discovery Bank being the latest to add the system to their platforms. At launch, the ...

PayShap, the rapid payments platform endorsed by the South African Reserve Bank, has been launched, with four banks ...

Standard Bank has launched a corporate rapid payments platform designed to offer corporate clients instant payments. The platform gives businesses the ability to receive and payout money instantly.

The new payment-request functionality is the latest enhancement to the PayShap service, expanding access to the digital economy by making interbank requests and real-time payments simpler and faster.

Standard Bank has experienced a significant increase in instant payments, driven by a growing uptake of PayShap, while other immediate interbank transactions have continued to grow. Over the past year ...

Standard Bank South Africa has unveiled its latest offering, PayShap Request for Corporates, a country-first platform service enabling businesses to send and receive real-time interbank payment ...