| Date | Title | Description |
| 18.12.2024 | Work under way to make Sadc payments faster and cheaper | The ability to send money instantly to any recipient with a phone number in Southern Africa is seen by regional regulatory authorities, including South Africa’s Reserve Bank, as a key driver of economic growth and financial inclusion, and a... |
| 03.12.2024 | The Digital Revolution in Car Insurance: A Safer, Smarter Future | The car insurance landscape is undergoing a seismic shift. Technology is the driving force behind this transformation. Insurers are no longer just safety nets; they are proactive partners in road safety. The integration of telematics, artif... |
| 02.12.2024 | Woolworths and Takealot eat up Black Friday spoils | Data from a live ticker dashboard which tracked the spending of Discovery Bank clients from midnight on Friday, 29 November to 11pm that same day shows that Woolworths won the lion’s share of Discovery Bank customer spend among physical ret... |
| 25.11.2024 | PayShap is getting a huge upgrade | PayShap, the real-time payments system developed by BankservAfrica, has announced a major update to the platform that it claims will “transform interbank payments”.
Set to be launched on 2 December, PayShap Request will allow individuals, b... |
| 08.11.2024 | The Rise of Instant Payments in South Africa: A New Era of Financial Transactions | In the bustling world of finance, change is the only constant. South Africa is witnessing a seismic shift in its payment landscape. The introduction of PayShap and the expansion of real-time payment systems are transforming how individuals ... |
| 08.11.2024 | PayShap: A New Era in South Africa's Payment Landscape | In the bustling world of finance, change is the only constant. South Africa's payment landscape is undergoing a seismic shift with the rise of PayShap. This platform, developed by BankservAfrica, is not just a tool; it’s a revolution. Recen... |
| 08.11.2024 | Investec eyes payments market with PayShap integration | Investec’s Kuben Naidoo
Investec, a bank that focuses on high-net-worth individuals in South Africa, is expanding its business banking unit with a payments system for its corporate clients to process high-volume, low-value payments.
The len... |
| 06.11.2024 | PayShap payment limit raised to R50 000 | BankservAfrica, the automated payments clearing house that built and maintains PayShap, the platform for real time local interbank payments using cell phone numbers as identifiers – has increased the upper payment limit for PayShap transact... |
| 06.11.2024 | FNB launches real-time cross-border payments | BankservAfrica CEO Stephen Linnell
First National Bank has joined BankservAfrica’s Transactions Cleared on an Immediate Basis (TCIB) platform, making it the first bank in Southern Africa to facilitate real-time cross border payments across ... |
| 15.04.2024 | MTN MoMo expands its Africa remittance network | MTN has expanded its Mobile Money (MoMo) fintech offering’s remittance network by adding 25 new wallet corridors across 10 African countries, taking its total remittance network on the continent to 200 million wallets across 24 countries.
“... |
| 29.02.2024 | PayShap-style cross-border settlements coming to SADC | BankservAfrica’s Ruhling Herbst
BankservAfrica, the automated clearing house responsible for South Africa’s PayShap platform, has launched a “payment corridor” that facilitates the clearance of payments between South Africa and Zambia in ju... |
| 10.12.2023 | Cash transactions to surge in SA retail over the festive season | Cash transactions to surge in South African retail sector. Photo: Pixabay.com
Cash remains the payment option of choice for most South African consumers—with peak trading periods like the festive season seeing a sharp increase in the cash t... |
| 29.11.2023 | Black Friday sets over R1 Billion online spending records | Black Friday online sales went up from last year.Image: canva
The Black Friday frenzy led BankservAfrica to record a staggering 1.4 million transactions, totaling R1.39 billion, through its online 3D-secure service in 2023.
Examining spendi... |
| 06.11.2023 | Why you should always carry CASH with you in South Africa | Why you should always carry cash with you in South Africa. Picture: File.
The way we spend money is changing, but new findings from one of the country’s biggest retailers underlines why you must always carry cash with you in South Africa. D... |
| 18.09.2023 | Stephen Linnell is the new BankservAfrica CEO | Stephen Linnell
Interbank payments provider BankservAfrica has appointed Stephen Linnell as its new CEO, replacing Jan Pilbauer, who left the organisation in April.
BankservAfrica, which plays an integral role in the smooth functioning of S... |
| 26.04.2023 | S Africans still clinging to cash, but that may soon change | The message from South Africa’s fintech sector is clear: cash should no longer be king in South Africa and a move to digital open banking is imperative.
Speaker after speaker at a conference hosted by Ozow held in Cape Town on Tuesday stres... |
| 13.03.2023 | PayShap! Rapid digital payments launched in South Africa | PayShap, the rapid payments platform endorsed by the South African Reserve Bank, has been launched, with four banks – Nedbank, Absa, Standard Bank and FNB – supporting it from day one.
South Africans can now instantly send money to one anot... |
| 05.12.2022 | Sybrin certified as a TCIB Payments Scheme integrator | Sybrin is proud to announce that we are a certified integrator for the BankservAfrica TCIB (Transactions Cleared on an Immediate Basis) Payments Scheme. We'll be taking an active role in promoting and enabling the scheme’s ecosystem across ... |
| 01.09.2022 | The average SA take-home salary decreases – data suggests more people are employed | The average South African take-home salary decreased. Photo: Pixabay
The average salary in South Africa took a knock in July due to skyrocketing inflation. However, data from BankServAfrica’s Take-Home Pay Index (BTPI) suggests that it is n... |
| 30.07.2021 | Rapid payments system to shake up SA’s banking sector | South African banks
BANKS UC-Wireless is a solutions-based distributor for integrated wireless communications in healthcare, mining, education, hospitality and retail.
are in the process of developing the Rapid Payments Programme, an inter-... |
| 10.05.2021 | SA banks are ‘forced’ to charge more for instant payments – but their prices vary wildly | South Africa's five biggest banks
Immediate online payments cost significantly more than traditional EFTs, and they're growing increasingly popular in South Africa.
Banks argue that because these payments come at an increased risk, and can'... |
| 26.03.2021 | SA salaries are increasing for the first time since May 2020, BankServ data shows | An arrow graph trend shaped R200 bank note. (Getty)
South African salaries are starting to grow again and have recorded a positive increase for the first time since May last year.
The nominal average take-home salary is now sitting at R15,8... |
| 04.11.2020 | Why this year's Black Friday may top festive season shopping for the first time | The Black Friday 2018 queue outside Game in Century City, Cape Town.. Photo Jay Caboz
Rand Merchant Bank predicts that, for the first time ever, Black Friday sales may eclipse the usual festive season surge in South Africa.
Some retailers a... |
| 29.03.2020 | Coronavirus: You can now use any Saswitch ATM Without Extra Fees | wp_booster error:
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| 29.03.2020 | You can now use any Saswitch ATM without extra fees, to stop unnecessary travel | Bombi Mavundza/ Business Insider
Local banks will no longer charge fees for withdrawing from competitor ATMs via the Saswitch system during South Africa's lockdown, Standard Bank said on Sunday.
That allows consumers to use the machines clo... |
| 15.03.2019 | Investec, BankservAfrica reveal blockchain-based ID system | Blockchain technology is being used for identification purposes.
Specialist banking
BANKING UC-Wireless is a solutions-based distributor for integrated wireless communications in healthcare, mining, education, hospitality and retail.
and as... |