About
PayShap is South Africa's real-time interbank payment service, launched in March 2023 by Absa, FNB, Nedbank and Standard Bank on infrastructure run by BankservAfrica, now PayInc, in which the South African Reserve Bank took a 50% stake in November 2025. Payers send from a participating bank's app to a ShapID, an alias usually the recipient's mobile number, and funds arrive in under 10 seconds; PayShap Request lets a payee send a request to pay. The system limit rose from R3,000 to R50,000 in November 2024. PayShap processed 60 million transactions worth R62 billion in December 2025, with 5.5 million ShapIDs registered.
Official site →Countries
