Banks are reporting rapid growth in the use of PayShap, an instant electronic fund transfer service launched on 13 March by BankservAfrica in collaboration with the South African Reserve Bank. PayShap ...

There has been a robust adoption of PayShap, according to the banks that currently facilitate the payment service. PayShap is an innovative new payment service that allows customers to make ...

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 ...

The South African Reserve Bank (SARB), BankservAfrica, and four prominent banks launched PayShap on Monday, 13 March 2023. The Rapid Payments Programme will go live with the four banks immediately, ...

PayShap launched on 13 March, in collaboration with the South African Reserve Bank and developed with BankServAfrica as an intermediary of a new modernised real-time payment rail that facilitates the ...

South African payments platform PayShap, which has been joining the most notable fintech solutions in the country for some time may have just struck its biggest win yet as the technology will now be ...

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 ...

Nedbank recently launched PayShap, a rapid payment system with a bold pricing strategy designed to drive widespread adoption. Smooth intro for Nedbank for their new PayShap system launched alongside ...

There has been a lot of talk around the corner about PayShap – the new super-fast, low-cost payment rail which has recently launched in South Africa. It aims to foster financial inclusion and open new ...

On 13 March, the country came one step closer to a more accessible national payment system with the launch of PayShap – a faster, safer and supposedly more affordable payment option for low-value ...

PayShap was introduced in a bid to make banking cheaper, more accessible and inclusive. Using the PayShap system, consumers can transfer up to R3,000 between banks and have their money cleared within ...