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TymeBank Joins PayShap Revolution - IT News Africa | Business Technology, Telecoms and Startup News

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In an industry milestone, TymeBank introduces PayShap with zero fees for customers, setting a new standard for instant payment..

TymeBank, South Africa’s fastest-growing digital bank, pioneers the integration of PayShap. As the first South African bank to provide this real-time interbank digital payments service, TymeBank offers its 7.6 million customers free access to payments up to the R3,000 limit using cellphone numbers . This emphasizes the bank’s dedication to delivering affordable banking solutions to a diverse range of South Africans.

By making PayShap to mobile numbers free, we empower both individual and business customers to reap the benefits of real-time digital payments across banks without the concern of transaction fees.”– Seamless payments without sharing banking details: PayShap enables payments via identifiers like cellphone numbers , eliminating the need for bank account numbers.

Additional advantages include effortless fund transfers to/from participating banks and payment capabilities up to R3,000 for daily activities.

 

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