NEDBANK PAYSHAP SERVICE, FREE UNTIL 30 APRIL

Nedbank has launched the Payshap rapid payment system, with a pricing strategy designed to drive widespread adoption. The service will be free until 30 April, and thereafter will be available for a nominal fee of R1. By enabling individuals and small businesses to make instant payments cost-effectively using their mobile phones, Nedbank Managing Executive: Solution Innovation, Dayalan Govender said Payshap offers the security of digital transacting with the immediacy of cash. Payshap is the result of a long-term industry collaboration led by Bankservafrica, the financial sector’s clearing house. It allows users to transact instantly without sharing banking details or using a banking app.