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PayShap

FPS

South Africa's instant payment system. Launched 2023. 24/7/365. Proxy-based transfers (ShapID - phone number, ID, or email). Max ZAR 50,000 per transaction (increased from ZAR 3,000). First real-time interbank payment system in South Africa.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether PayShap is running normally.

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Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for PayShap.

ClearingPost holds sourced upcoming items for 16 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

Sources No status page recorded · 7 of 15 fields carry a source and a recorded date · latest sourced entry recorded 25 Sep 2026 · evidence details ↓

Record · PayShap

Country
South Africa (ZA)
Currency
South African Rand (ZAR)
Operator
PayInc (formerly BankservAfrica) / SARB
Type
FPS
Operating Window
24/7/365
Year Established
2023
Daily Volume
Growing
Tier?
Tier 2
ISO 20022?
Native
Region
Middle East & Africa
Settlement Type?
Net
Participants
12 banks (Absa, Capitec, FNB, Nedbank, Standard Bank, etc.)
Avg Daily Transactions
~2.9M/day (Jan–May 2026 avg)
Availability
24/7/365
Registered Users
6 million registered ShapIDs
Notes

PayShap passed one billion cumulative transactions on 18 June 2026, according to operator PayInc, the former BankservAfrica. Cumulative value reached R774 billion through March 2026, with about 80 percent of transactions under R500. Al Baraka Bank South Africa, eNL Mutual Bank, HBZ Bank, and OM Bank joined in March 2026. PayInc discloses cumulative milestones rather than a recurring monthly value series, so no current daily value figure can be recorded from published sources.

Operations · PayShap

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for PayShap (7)

Coverage whose headline or summary names PayShap, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the PayShap operator or external.

AnalysisJun 17, 2026Headline names “PayShap”
PayShap Doubles Transaction Volume in Five Months as Merchant Adoption Begins
PayShap's monthly transaction volumes surged eightfold during 2025, from six million to 45 million, driving the South African instant payment system to 905 million cumulative transactions by May 2026 as operator PayInc targets merchant QR payments.
External source · TechCentral
AnalysisJun 10, 2026Headline names “PayShap”
PayShap Crosses 900 Million Transactions as South Africa's Instant Payment Growth Accelerates
BankservAfrica has acknowledged that transaction fees and inconsistent user experience across banking apps have constrained adoption.
External source · TechCentral
AnalysisJun 3, 2026Headline names “PayShap”
PayShap Passes 900 Million Transactions as South Africa Pivots to Merchant Payments
The average ticket size has declined to R498 per transaction, indicating penetration into micro-payments previously dominated by cash.
External source · TechCentral
AnalysisMay 22, 2026Headline names “PayShap”
South Africa's PayShap Reaches 905 Million Transactions as Operator Pivots to Merchants
After three years dominated by peer-to-peer transfers, PayInc is redirecting PayShap toward merchant payments and e-commerce, targeting growth beyond the system's R403 billion cumulative value base and six million users.
External source · TechCentral
NewsApr 3, 2026Headline names “PayShap”
PayShap Hits R403 Billion in Three Years as Adoption Accelerates
PayShap processed R303 billion in the eight months through March 2026, quadrupling its cumulative total to R403 billion across 461 million transactions as daily volumes on South Africa's instant payment rail crossed one million.
External source · IT-Online
AnalysisApr 2, 2026Headline names “PayShap”
PayShap Crosses R100 Billion as SARB Builds National Payment Utility
PayShap's R100 billion cumulative milestone coincides with a strategic overhaul: the SARB's 50 percent stake in operator PayInc and the Finance Minister's 2026 Budget Speech positioning it as shared national infrastructure signal that South Africa is treating instant payments as a public utility, not a bank-controlled product.
External source · IT-Online
NewsOct 8, 2025Headline names “PayShap”
SARB Acquires 50% Stake in PayInc as PayShap Reaches 4.9 Million Proxy IDs
The SARB's direct equity investment in PayInc is unusual globally - most central banks operate their own RTGS systems but leave retail instant payment infrastructure to private-sector or industry-owned entities.
External source · South African Reserve Bank
Not listed here: 1 tagged article that does not mention PayShap. All coverage is in Insights.