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How to use PayShap in South Africa

PayShap is a recently launched digital payment solution that provides a simple and rapid means of sending and receiving payments. With PayShap, you can receive instant payments directly in your bank account from anyone, irrespective of their bank. Whether you need to send or receive a payment urgently, PayShap has got you covered. You can now make or receive instant payments of up to R3000 per transaction using either a bank-registered cellphone number (ShapID) or bank account information. Simply look for the PayShap icon in your banking app and follow the prompts. In this guide, we’ll be explaining how to use PayShap at the various banks in South Africa. Hopefully, we’ll see PayShap coming to South African betting sites in the future!

How PayShap Works

PayShap allows you to simplify the payment process by providing your registered cellphone number (known as ShapID) instead of sharing your bank account information when receiving payments. In addition, you can easily make payments to someone else using their ShapID.

Do you have accounts with multiple banks? Not an issue. You can set up several ShapIDs at different banks. To ensure payments go to the correct bank account, make sure to provide the full ShapID, which includes both your cellphone number and the name of your bank. Regardless of the payment method you use, your funds are transferred instantly with PayShap.

ABSA PayShap

  • Instant Payments: Enjoy the convenience of payments that reflect instantly in your account.
  • Convenient and Safe: Make and receive payments with ease and safety using just your ShapID and bank account details.
  • Time-Saving: Digital payments make standing in ATM queues for cash a thing of the past.
  • Only for Absa Customers: You can access PayShap only through your Absa Banking App.
  • Register with Your Absa-Registered Cellphone Number: Only the number on your Absa banking profile will work. Remember to update your number if it changes.
  • Link Your ShapID to Your Absa Account: Your ShapID will be linked to the Absa account you choose.
  • Only to Participating Banks: PayShap payments can only be made to participating banks.
  • Automatically Deposited to Your Linked Absa Account: If you select Absa as your primary ShapID, payments will be automatically deposited into your linked Absa account. You do not have to share your bank (Absa) with the sender.

Here’s how to register for Payshap on ABSA:

  1. Log in to your Absa Banking App.
  2. Tap on your profile and select ‘Register your cellphone number for PayShap now!’
  3. Read the information and tap ‘Register now.’
  4. Your Absa-registered cellphone number will be prepopulated.
  5. Enter your Known-as name.
  6. Select the Absa account you want to link to your ShapID.
  7. Accept the terms and conditions and tap ‘Next.’
  8. Confirm that you want Absa as your primary ShapID and that payments will be automatically deposited into your Absa linked account. Tap ‘Next.’
  9. Confirm your details.
  10. Your proxy is now successfully registered.
  11. Share your ShapID with friends and family by tapping ‘Share,’ or tap ‘Done’ to return to the home screen.

Here’s how to make a PayShap Payment on ABSA:

  1. When making a payment, look out for the PayShap sign.
  2. You can make payments to individuals and businesses.
  3. Payments reflect instantly in your account.

Nedbank PayShap

If you want to receive money instantly from other banks, you can set up a ShapID by following these steps:

Using the Money App or Online Banking:

  1. Log in to your account.
  2. Select “More” and then “Settings.”
  3. Click on “Profile settings” and then “ShapID management.”
  4. Choose “Register a ShapID.”
  5. Read and accept the terms and conditions.
  6. Select the account you want to link your PayShap to.
  7. Click on “Register” and then “Done.”

Using Cellphone Banking:

  1. Dial 120001#.
  2. Follow the Payshap menu steps.

To send money using PayShap on the Money app:

  1. Log in with your Nedbank ID, app PIN, or FaceID.
  2. Select “Pay” and tap “Single payment.”
  3. Enter the recipient’s name and swipe to “Pay to a ShapID.”
  4. Enter the recipient’s ShapID.
  5. Select from saved recipients if you’ve paid the same person before.
  6. Accept the terms and conditions.
  7. Enter the amount you want to send.
  8. Review the payment details and select “Pay” and then “Finish.”

To use PayShap on Online Banking:

  1. Log in to your account.
  2. Select “Pay” and tap “Single payment.”
  3. Enter the recipient’s name and swipe to “Pay to a ShapID.”
  4. Enter the recipient’s ShapID.
  5. Select from saved recipients if you’ve paid the same person before.
  6. Accept the terms and conditions.
  7. Enter the amount you want to send.
  8. Review the payment details and select “Pay” and then “Pay now.”

To use PayShap on your Cellphone Banking (120001#):

  1. Dial 120001# and log in using your PIN.
  2. Choose PayShap on the main menu.
  3. Register for PayShap and follow the prompts to make your payment.
  4. Verify the recipient details and select “Continue.”
  5. Enter the amount you want to send and a reference.
  6. Review the payment details and select “Confirm.”
  7. Select “Main menu” or exit the session.

Standard Bank Payshap

For sending money:

  1. Register for PayShap by downloading the Standard Bank Banking App and following the prompts.
  2. Enter the ShapID details (cellphone@bankname) of the person you wish to pay.
  3. If the ShapID exists, a green success message will appear.
  4. If you use a cellphone identifier, you’ll see the name of the payee, partially hidden.
  5. If you use a custom identifier, you’ll see the name of the payee.
  6. If the ShapID does not exist, a red error message will appear.
  7. Confirm the details with the recipient before proceeding with the payment.

For receiving money:

  1. Register for PayShap by downloading the Standard Bank Banking App and following the prompts.
  2. Provide the payer with your cellphone number or ShapID to receive the payment directly into your bank account.
  3. Once the payment is complete, the funds are immediately available for use.

Editor at The Gambler | Website | + posts

Over 15 years of experience in the sports and casino betting industry. I cover everything from casino games, crash games, slots and betting tips. Now Author for The Gambler.

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