Accept and pay out via PayShap and pay-by-bank in South Africa
South Africa’s Rapid Payment Programme delivered PayShap — instant proxy-addressed interbank transfers — while Ozow made pay-by-bank a mainstream checkout. Together with classic EFT they cover South African consumers and businesses at every banking depth.
PayShap / Ozow (pay-by-bank) at a glance.
The essentials of South Africa’s payment infrastructure — what it is, who runs it, and how fast money actually moves.
| Rail | PayShap — instant proxy transfers; Ozow — pay-by-bank checkout |
| Operator | SARB & PASA; bank-partnered providers |
| Clearing | PayShap seconds; EFT batched |
| Availability | PayShap 24/7 |
| Identifiers | ShapID (mobile), account number, Ozow consent flow |
| Currency | ZAR |
Collecting and paying out.
Both directions of the flow, on one balance.
Pay in · PayShap / Ozow (pay-by-bank)
Pay-in flow: offer Ozow pay-by-bank at checkout (customer authorises in their banking app) or PayShap/EFT transfers with references. Final rand credits at far below card cost — strong for subscriptions, travel and B2B.
Pay out · PayShap (to proxy)
Payout flow: disburse ZAR by PayShap proxy or bank account — instant for participating banks, batched otherwise. Marketplace sellers, affiliates and suppliers across Gauteng to the Cape settle on one balance.
Settle to stablecoin treasury.
Keep your ZAR balance for local spend, or convert to USDT / USDC and withdraw on-chain — the corridor where stablecoin settlement usually pays for itself.
One balance, two worlds
Settlement angle: collect ZAR and settle to USDT/USDC for dollar treasury — a natural pairing for South African platforms trading into global markets. Screening and documentation come standard.
Payout rails covered
PayShap (to proxy), EFT bank transfer, Ozow collection. Disburse from the same balance you collect into — no separate funding wires.
Common questions.
What is PayShap?
South Africa’s instant interbank payment system under PASA’s Rapid Payment Programme — transfers by proxy (like a mobile ShapID) that clear in seconds, 24/7.
Why offer Ozow instead of cards?
Pay-by-bank has lower cost, no chargeback asymmetry and strong authentication — for banked South Africans it frequently converts better than card checkout.
Do EFT payouts still matter?
Yes — for beneficiaries at banks not yet on PayShap, batched EFT keeps coverage complete; ApeX routes per beneficiary.
Every market, one integration.
Collect ZAR locally and settle globally — or add any other corridor from the same balance.
Brazil · Pix
Local collections and payouts via Pix — settle to USDT / USDC or fiat.
India · UPI
Local collections and payouts via UPI — settle to USDT / USDC or fiat.
Philippines · GCash / Maya & InstaPay
Local collections and payouts via GCash / Maya & InstaPay — settle to USDT / USDC or fiat.
Indonesia · QRIS
Local collections and payouts via QRIS — settle to USDT / USDC or fiat.
Vietnam · MoMo / ZaloPay / VNPay & NAPAS
Local collections and payouts via MoMo / ZaloPay / VNPay & NAPAS — settle to USDT / USDC or fiat.
Thailand · PromptPay
Local collections and payouts via PromptPay — settle to USDT / USDC or fiat.
Mexico · SPEI
Local collections and payouts via SPEI — settle to USDT / USDC or fiat.
Colombia · PSE & Nequi
Local collections and payouts via PSE & Nequi — settle to USDT / USDC or fiat.
Nigeria · NIP bank transfers
Local collections and payouts via NIP bank transfers — settle to USDT / USDC or fiat.
Pakistan · Raast & JazzCash / Easypaisa
Local collections and payouts via Raast & JazzCash / Easypaisa — settle to USDT / USDC or fiat.
Kenya · M-Pesa
Local collections and payouts via M-Pesa — settle to USDT / USDC or fiat.
Argentina · Transferencias (CVU/alias)
Local collections and payouts via Transferencias (CVU/alias) — settle to USDT / USDC or fiat.
Singapore · PayNow / FAST
Local collections and payouts via PayNow / FAST — settle to USDT / USDC or fiat.
Malaysia · DuitNow / FPX
Local collections and payouts via DuitNow / FPX — settle to USDT / USDC or fiat.
Hong Kong SAR · FPS (Faster Payment System)
Local collections and payouts via FPS (Faster Payment System) — settle to USDT / USDC or fiat.
China · Alipay / WeChat Pay (cross-border)
Local collections and payouts via Alipay / WeChat Pay (cross-border) — settle to USDT / USDC or fiat.
United Kingdom · Faster Payments / Open Banking
Local collections and payouts via Faster Payments / Open Banking — settle to USDT / USDC or fiat.
European Union / SEPA · SEPA Credit Transfer & SCT Inst
Local collections and payouts via SEPA Credit Transfer & SCT Inst — settle to USDT / USDC or fiat.
United States · ACH / RTP / FedNow
Local collections and payouts via ACH / RTP / FedNow — settle to USDT / USDC or fiat.
Australia · NPP (PayID / Osko)
Local collections and payouts via NPP (PayID / Osko) — settle to USDT / USDC or fiat.
Bangladesh · bKash / Nagad (MFS)
Local collections and payouts via bKash / Nagad (MFS) — settle to USDT / USDC or fiat.
Egypt · InstaPay / Fawry
Local collections and payouts via InstaPay / Fawry — settle to USDT / USDC or fiat.
Ghana · MTN MoMo / Telecel Cash
Local collections and payouts via MTN MoMo / Telecel Cash — settle to USDT / USDC or fiat.