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Real-time payments in South Africa: the state of PayShap in 2026

calendar_today July 29, 2026 domain stitch

PayShap, South Africa’s real-time interbank payment scheme, has processed over R100 billion since its 2023 launch. This article explains where the scheme stands today, how it differs from instant EFT, what PayShap Request changes for merchants, and how it fits into a broader payments strategy.

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