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 ...

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 ...

This month Capitec became the latest bank to join the PayShap payment system that allows for immediate payments between bank accounts. This follows Discovery Bank, which went live in July, joining ...

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 ...

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

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 ...

TymeBank has become the latest bank to support the South African Reserve Bank’s real-time cross-bank payment system, PayShap. First launched in March 2023, the PayShap service enables people to use an ...

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.

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 ...