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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

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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
Values 2022N/A
GNI (%)N/A
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

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