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 ...

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 ...

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 ...

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 ...

Former FNB CEO and venture capitalist Michael Jordaan said that prohibitively high transaction costs will stifle the adoption of PayShap. PayShap is a new payment system launched by the South African ...

PayShap, a new real-time payment service, launched this week (13 March) in partnership with four South African banks – and some offer better fee incentives than others. BankservAfrica and the Payments ...

Contrary to some media reports last week, PayShap is not a standalone app and can be accessed only through existing banking apps. The four big banks – Nedbank, Standard Bank, First National Bank and ...

If you are a South African bank account holder, you’re likely hearing all about PayShap. It is a new instant payment service that makes transacting between different financial institutions quicker and ...

The app can only be accessed through existing banking channels and is currently available at Absa, FNB, Nedbank and Standard Bank with more banks expected to go live in the coming months. PayShap has ...

PayShap, the low-value real-time interbank digital payments service, has shown a robust market uptake since its launch in March this year, having recorded more than 800 000 transactions with a ...