Signalling South Africa's evolving payments landscape, the PayShap community is expanding through collaborative efforts between participating banks and new partners-such as fintechs, mobile network operators, and retailers. These partnerships aim to broaden access to the service and accelerate its adoption.
"Since its inception, PayShap's success has reflected a shared commitment to innovation and industry-wide collaboration. In a shifting payments landscape, we remain focused on progress - building on the momentum with 12 participating banks onboard and forging new partnerships to expand access to PayShap and bring real-time digital payments to more South Africans."
- Israel Skosana, Chief Product and Scheme Officer, BankservAfrica
Recently, South African payments platform, Ozow, announced its inclusion of PayShap Request, a revolutionary alternative way to make ecommerce payments, which is expected to bring enhanced efficiencies to its merchant base by enabling a convenient and simple way to initiate and receive payment in real-time.
