Several FNB customers have taken to social media to voice their frustrations with PayShap, a payment service, after experiencing delays in transactions. The issue seems to have started on Sunday, August 4, 2024, with many users reporting that their funds were debited from their FNB accounts but...
TymeBank launches PayShap support — throws down gauntlet for other banks
TymeBank has become the latest bank to support the South African Reserve Bank's real-time cross-bank payment system, PayShap.
First launched in March 2023, the PayShap service enables people to use an identifier other...
PayShap launches at Capitec and Discovery Bank
PayShap — the rapid payments programme launched in March 2023 — has expanded to more banks, with Capitec and Discovery Bank being the latest to add the system to their platforms.
At launch, the instant payments system was available through four...
FNB and Nedbank crush Absa and Standard Bank in PayShap prices
First National Bank (FNB) and Nedbank currently offer the best prices on PayShap transactions, a MyBroadband analysis reveals.
BankservAfrica and the Payments Association of South Africa (Pasa) launched the new real-time payments...
PayShap launches in South Africa
The South African Reserve Bank (SARB), BankservAfrica, and four prominent banks launched PayShap on Monday, 13 March 2023.
The Rapid Payments Programme will go live with the four banks immediately, meaning FNB, Absa, Nedbank, and Standard Bank customers can use...
absa
bankservafrica
first national bank (fnb)
nedbank
payments association of south africa (pasa)
payshap
prudential authority (pa)
rapid payments programme (rpp)
south african reserve bank (sarb)
standard bank