{"id":822774,"date":"2025-05-06T10:55:06","date_gmt":"2025-05-06T08:55:06","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=822774"},"modified":"2025-05-12T10:07:08","modified_gmt":"2025-05-12T08:07:08","slug":"embrace-the-future-of-payments-with-payshap-at-hbz-bank","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/822774\/embrace-the-future-of-payments-with-payshap-at-hbz-bank\/","title":{"rendered":"Embrace the Future of Payments with PayShap at HBZ Bank"},"content":{"rendered":"\n<p>In an era where digital transformation is reshaping the payments landscape, HBZ Bank now offers PayShap &#8211; a revolutionary payment solution which allows South Africans to make and receive instant payments.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/hbzbank.co.za\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=May+2025\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to visit HBZ Bank&#8217;s website to learn more and start using HBZ PayShap today.<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What is PayShap?<\/h2>\n\n\n\n<p>PayShap is a service enabled by BankservAfrica\u2019s Rapid Payments Platform, developed in response to the South African Reserve Bank&#8217;s Vision 2025 goals to modernise the economy, reduce cash dependency, and promote financial inclusion.<\/p>\n\n\n\n<p>It enables interbank, real-time, low-value digital payments up to R50 ,000, any time of the day, 365 days a year.<\/p>\n\n\n\n<p>\u201cWe&#8217;re pleased to welcome HBZ Bank to the PayShap community. As part of the 11th banking cohort, this represents another powerful step forward in advancing real-time payments for South Africa&#8217;s evolving digital economy,\u201d says Israel Skosana, Chief Product and Scheme Officer at BankservAfrica.<\/p>\n\n\n\n<p>HBZ Bank is the first bank to apply the maximum PayShap limit, R50 ,000, and to offer free transactions for PayShap payments up to R5 ,000.<\/p>\n\n\n\n<p>&#8220;At HBZ Bank, we recognise the growing need for instant, secure, and hassle-free transactions. By offering PayShap, we aim to provide our customers with accessible digital payments,&#8221; says Ashley Cameron, CEO HBZ Bank Limited<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Use PayShap at HBZ Bank?<\/h2>\n\n\n\n<p>HBZ Bank offers its customers exclusive PayShap benefits, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The maximum-allowed transaction limit of R50 ,000.<\/li>\n\n\n\n<li>No fees for transactions below R5 ,000. For transactions above this threshold, a competitive fee of R13.50 (excluding VAT) applies, making HBZ PayShap one of the most cost-effective instant payment options available.<\/li>\n\n\n\n<li>Auto-registered ShapID. A ShapID is a proxy for bank account details. All HBZ Bank customers have an HBZ ShapID which is their cellphone number@HBZ (Eg: 0823456789@HBZ). This means HBZ customers can get paid instantly without sharing bank account details or having to register for a ShapID.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">PayShap Services at HBZ Bank<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pay to Account:<\/strong> Transfer funds directly to a beneficiary using their bank account number.<\/li>\n\n\n\n<li><strong>Pay by ShapID:<\/strong> Transfer funds directly to a beneficiary using their ShapID, which is their registered cellphone number linked to their bank account.<\/li>\n\n\n\n<li><strong>Pay by Shap Name:<\/strong> Transfer funds directly to a business beneficiary using their Shap Name, which is a custom proxy for bank account details.<\/li>\n<\/ul>\n\n\n\n<p>An additional service in the HBZ Bank pipeline is PayShap Request which will empower HBZ Bank customers to proactively request payments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Start using PayShap at HBZ Bank<\/h2>\n\n\n\n<p>PayShap at HBZ Bank is set to transform payments for its customers by offering a service that enables everyday transactions.<\/p>\n\n\n\n<p>Whether it\u2019s paying suppliers, taking care of payroll, or sending money to loved ones, HBZ Bank customers are now able to meet their payment obligations and receive payments instantly.<\/p>\n\n\n\n<p>Visit our <strong><a href=\"https:\/\/hbzbank.co.za\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=May+2025\" target=\"_blank\" rel=\"noreferrer noopener\">website<\/a><\/strong> or contact your nearest HBZ Bank branch to learn more and start using HBZ PayShap today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HBZ Bank now offers PayShap &#8211; a revolutionary payment solution which allows South Africans to make and receive instant payments.<\/p>\n","protected":false},"author":57,"featured_media":823207,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[1976,22431,19886],"class_list":["post-822774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-bankservafrica","tag-hbz-bank","tag-payshap"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/822774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=822774"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/822774\/revisions"}],"predecessor-version":[{"id":823730,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/822774\/revisions\/823730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/823207"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=822774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=822774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=822774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}