PayShap
- Geographic Reach
South Africa
- Gender
No
- Geographic Region
Southern Africa
- Coverage
Domestic
- Year Of Establishment
2023
- Ips Type
Bank
- Interoperability Arrangement
Multilateral
- Governance Typology
Industry led
- Ownership Model
Participant-owned
- System Owner
BankserveAfrica
- Overseer
Payments Association of South African and South African Reserve Bank (central bank)
- System Governance
PayShap Scheme
- Operator
BankservAfrica
- Settlement Agent
South African Reserve Bank (central bank)
- Number Of Unique Ips End Users
Over 4.6 million
- Total Number Of Participants2025
10
- Number Of Direct Participants Commercial Banks
10
- Number Of Direct Participants EMoney Issuers
-
- Number Of Direct Participants MFIs
-
- Number Of Direct Participants Other
-
- Number Of Direct Participants Post Office
-
- Indirect Participants Type
-
- Number Of Indirect Participants
-
- Supported Use Cases
P2P, P2B
- Supported Instruments
Credit EFT
- Primary Local Channel
App
- Supported Channels
USSD, Agent (banking), App, Browser
- Qr Code Enabled Type
-
- Messaging Standard
ISO 20022
- Proxy Id
Bank account number , Mobile phone number
- Other Proxy Id Type
-
- Business Model
Not-for-loss
- Pricing Structure
Transaction fee and fixed fee
- Scheme Rules Public
No
- Additional Recourse Requirements
Yes
- Dispute Resolution Mechanism
Yes
- Api Use Function
Yes
- Startup Funding Source
BankServAfrica
- Participation In Decision Making
Yes
- Mechanism For Decision Making
Industry Working groups, PCH and Scheme Governance Structures
- Ability To Become Direct Participants
No
- Entities That Cannot Participate
Only banks can enable direct clearing
- Min Value For Transactions
0.01 Rand (1 cent)
- Corporate Structure
Private limited company
- Other Corporate Structure
-
- Pull Request To Pay Enabled
Yes
- Third Party Connections Enabled
Yes
- Real Time Payment Confirmation
Yes
- Transaction Validation Enabled
Yes
- Inclusivity Ranking
Basic
