Select Countries and Regions

South Africa

PayShap

Scheme name: PayShap

IIPS Type: Bank

Inclusivity level: Not ranked

Year of establishment: 2023

System owner: Bankserv Africa and commercial banks

Overseer: South African Reserve Bank (SARB)

Operator: BankservAfrica

Total Participants: 4

Volumes 2022: -

Values 2022: N/A

Back to map
CategoryPayShap
Geographic reachDomestic
Geographic descriptionSouth Africa
Scheme governanceBankserv Africa and commercial banks
Settlement agentSouth African Reserve Bank
Participants - commercial banks4
Participants - MMOs0
Participants - non-bank PSPs0
Participants - MFIs0
Volumes 2018-
Volumes 2019-
Volumes 2020-
Volumes 2021-
Values 2018- USD
Values 2019- USD
Values 2020- USD
Values 2021- USD
GNI
GNI (%)N/A
% off-us transactions
Interoperability arrangementThird party
Ownership modelParticipant-owned
Governance TypologyPrivate association
Messaging standardISO 20022
Types of proxy IDsProprietary ID
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceYes
CB governance involvementNo
Expanded use CasesNo
Minimum channel functionalityYes
Minimum use case functionalityNo
All licensed PSPs can participate (all-to-all interoperability)No
RecourseNo
Not-for-lossNo
TSP partners N/A
Start-up funding (US$ million) N/A

African IPS Map

Selected Country
Live IPS
IPS in development
No data
Select region to view data