South Africa cannot bank the unbanked until it solves identity, Nedbank’s outgoing COO has said.
Browsing: PayShap
The banks no longer govern the payment system through a body of their own. A second, larger wave of change is already moving.
South Africans will spend R159-billion online this year, but the growth rate is set to fall from 35.4% to 22.5%.
Developer PayInc has acknowledged that fees and inconsistent bank UX have slowed PayShap adoption.
GoTyme’s CEO is candid about churn risk as the bank completes its rebrand from TymeBank and moves clients onto a new app.
Sars has unveiled a digital overhaul featuring biometric taxpayer IDs and AI-powered compliance systems.
PayShap will only truly work when it reaches critical mass. Three years in, it’s clear it hasn’t done so. Here’s why.
For years, fintech sold the story of rebels vs incumbents, speed vs bureaucracy and apps vs banks. That era is over.
Standard Bank now has the second-lowest PayShap fees in the country behind TymeBank, where they remain free.
PayShap adoption grows, but inconsistent bank fees and limited access still hinder its inclusion ambitions in South Africa.