What is PayShap? SA’s Real-Time Payment Revolution
Launched in March 2023, PayShap is South Africa’s real-time interbank payment system designed to modernize the country’s cash-dominated economy. Developed by BankservAfrica, the South African Reserve Bank, and major commercial banks, PayShap aims to drive financial inclusion and digitize payments. With features like pay-by-proxy using mobile numbers, it is poised to transform how South Africans […]