SA's new 'cash-like' payment system promises to be the cheapest way to transact in SA | Business

Banks say Payshap will be the cheapest way to send money immediately, cheaper than their own instant money services.Banks say it will be the cheapest way to send money immediately, and will be even cheaper than their own instant money services.For more financial news, go to the SA's new instant digital payment system is at least six times faster than banks' current instant payment services, and will still be cheaper, too. "We wanted it to be cash-like.

Tshazibana said most people still prefer to take their cash in hand, particularly domestic workers, hawkers and people living in townships and rural areas. Many are concerned about bank charges. Furthermore, with money in the bank, it takes money to get it out because they have to travel to get to ATMs.

"It doesn't matter who you bank with, whether you decide to hold your money or what you want to pay for … Payshap has been built with the end-user in mind," said Pilbauer.

_Business Waiting for the banks of approve it

_Business We need a wallet system whereby we as individuals become “banks” no money needs to go via the banking system. Similar as crypto, however much simpler. It might also be managed by Blockchain tech. For instance, A pay B. Immediate tranfer from A to B. and B pay his/her stuff etc.

_Business Who owns it

_Business What's good enough for the Prez is good enough for me. But thanks

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On Monday, a new payment system will be launched in SA - what you need to know | BusinessThe SA Reserve Bank and clearing house BankservAfrica will launch a new rapid payment programme, Payshap, on Monday. Payshap will enable instant payments and transfers between different banks. | News24_Business _Business Capitec is the cheapest at R7.50 😏 _Business What have you been waiting for ? Money should be cleared instantly as a default setting not this Tsotsi way u nee to pay R49 and above … no no … South Africa is always late to adopt things … our SARB is full of redtapes and favours anything that benefits the big 4 banks 😢😢 MandelaMinutes _Business Ridiculous that this introduced now , it’s a cartel these banks and RB , charge you for keeping, despairing, withdrawing , transferring , viewing , et al your own funds meanwhile charging you further for an account ! It’s the biggest con this century
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Man arrested after hijacking of business with fake court documentsThe arrest of a Pakistani man who was granted urgent interim court orders to take control of multimillion-rand businesses based on allegedly falsified documents has exposed a “concerning” loophole in the Gauteng high court's online case filing system. Fake Court Document again👀👀👀👀👀 Are this things so easy to do in SA. For a moment I thought this was a KZN king🤣🤣🤣🤣
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Greenwashing crackdown in Europe leaves investors in the dark | BusinessNew rules in Europe to crack down on greenwashing are not making it easier to spot genuine environmentally-friendly funds as asset managers continue to apply different standards for what constitutes sustainable investing. | News24_Business
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Man arrested after hijacking of business with fake court documentsThe arrest of a Pakistani man who was granted urgent interim court orders to take control of multimillion-rand businesses based on allegedly falsified documents has exposed a “concerning” loophole in the Gauteng high court's online case filing system. Where's Barry White? Sleeping with cupcake, as usual. & Pretoria central magistrate Court gave Bushir a bail where's he today our courts are soft when coming to foreigners
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