PayShap – South Africa's first rapid payments programme launched
In March 2023, the South African Reserve Bank (SARB) announced the launch of PayShap
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In March 2023, the South African Reserve Bank (SARB) announced the launch of PayShap
This week, the South African Reserve Bank (SARB) announced the launch of PayShap, a real-time rapid payment platform that is aimed at offering safer, faster and significantly more convenient payment options for South Africans. PayShap is the outcome of an industry-spanning collaboration, driven by BankservAfrica, the Payments Association of South Africa and the South African banking community, with the aim of modernizing the national payments industry. It is rooted in the SARB's Rapid Payments Program, as part of its Vision 2025 strategy to reform the South African national payment system...
Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services
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