Sarb’s fast payment platform ‘far from ubiquitous’ – governor
Pricing and lack of public awareness among factors limiting adoption of PayShap
The governor of the South African Reserve Bank has lamented the fact that PayShap, its low-value, real-time digital payment service, is currently “far from ubiquitous”.
In his opening address at the Sarb’s annual payments conference in Pretoria on October 20, Lesetja Kganyago acknowledged PayShap’s growth since its launch in 2023, noting that it had passed the milestone of 1 billion transactions, with a total value transferred of more than 1 trillion rand ($60.84 billion).
However, Kganyago said,
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