BankServAfrica launches a new instant payment service for SA

GUEST – Mpho Sadiki, head of real-time payments at BankservAfrica<br /> <br /> The recent launch of PayShap (born out of the payments industry-led Rapid Payments Programme or RPP) developed as part of the SA Reserve Bank’s Vision 2025 and is a giant leap forward in the campaign to modernise payments in SA.<br /> <br /> South Africans will now also have an option to pay without knowing the recipient’s banking details. Payments will be made to a bank account or a proxy (such as a mobile phone number) that has been linked to an account or wallet at any bank. Payments can be made from a mobile phone at a low fee to the consumer, in real time and available 24/7.PayShap aims to provide the benefit of a safe and convenient money transfer type of payment, as an alternative to cash, as well as to address the challenge of bank interoperability between money transfer services. <a href="http://www.kayafm.co.za/">Kaya FM </a>