South Africans can now make free real-time payments of up to R3 000 between bank accounts using the PayShap free payment system introduced by regulator the South African Reserve Bank (SARB) and the financial services industry. The new PayShap real-time payment service enables users to pay or send money to a user's identifier or to the user's mobile number, with the money being reflected in the person's or business' account within ten seconds, said participating financial services firms at the launch event on March 13.
New payment standard offers cash-like convenience it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
Sandton City s new Diamond Walk will open to the public on 30 April 2015, staking its position as Africa s definitive luxury and super-luxury retail destination.
J.P. Morgan (Johannesburg branch) has successfully migrated to ISO 20022 messaging standards for its domestic RTGS system, referred to as SAMOS (South African Multiple Option Settlement System).