PayShap fees expected to stay high in SA
Tymebank is the only bank offering Payshap for free, while transaction fees can go up to R27 for payments between R1,000 and R3,000 for all other participating banks
06 June 2024 - 17:04
Fintech group Capital Appreciation (Capprec) expects that fees for the PayShap digital payments platform will remain high for the foreseeable future as banks look to recoup the costs that went into developing it.
In March 2023, BankservAfrica, together with the Payments Association of SA, launched PayShap, which offers consumers cheap access to instant payments across participating banks using cellphone numbers. ..
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