PayShap
South Africa’s real-time interbank clearing rail launched by BankservAfrica.
PayShap is a real-time payment rail routed by KeyBS Pay. South Africa’s real-time interbank clearing rail launched by BankservAfrica.
Payouts routed through PayShap settle to beneficiary accounts in ZA. Where PayShap is available for the destination country, it is the default rail for eligible payouts.
Every PayShap payout is subject to KYB, KYC and sanctions screening. Pricing is disclosed in full before approval; failed payouts return a signed webhook event with a machine-readable reason code and remain refundable per program policy.
Corridor mechanics at a glance
Every KeyBS Pay payout follows the same operational contract; only the rail changes.
How a PayShap payout moves through KeyBS Pay
PayShap settles in real-time on eligible ZAR destinations.
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Countries reachable via PayShap
PayShap by industry
PayShap developer resources
Frequently asked questions
What is PayShap?
South Africa’s real-time interbank clearing rail launched by BankservAfrica.
How fast is PayShap?
Real-time. Actual settlement time is disclosed pre-approval and confirmed by signed webhook once the beneficiary bank acknowledges the credit.
Which countries can I reach through PayShap?
ZA. Availability is beneficiary-bank-dependent; the router falls back to wire if the beneficiary bank is not on PayShap.
What currencies are supported on PayShap?
ZAR is the primary settlement currency for PayShap. Multi-currency corridors are supported where the rail permits.
What limits apply on PayShap?
Rail-specific ceilings apply; the platform surfaces them pre-approval. Higher-value transactions are automatically routed to wire.
Is PayShap available 24/7?
Real-time rails (including PayShap) operate around the clock. Batch and wire rails follow the local banking window.
How do I integrate PayShap?
You don’t. KeyBS Pay abstracts rail selection: submit a payout to POST /v1/payouts and the router picks the fastest eligible rail. Use "method": "auto" (default) or force a specific method where policy requires.
Is PayShap regulated?
Yes. KeyBS Pay routes PayShap payouts only through partners licensed for the destination corridor.
Can I get a PayShap settlement report?
Yes. Per-rail, per-corridor reconciliation reports are available in the dashboard and via API export.
What happens if a PayShap payout fails?
Failed payouts return a signed webhook event with a machine-readable reason code. Funds remain in the source ledger and can be re-routed or refunded.
How is pricing set for PayShap?
Quote-based, disclosed in full pre-approval. No undisclosed intermediary-bank deductions on eligible local rails.
Can I use PayShap for consumer payouts?
Yes, where the beneficiary and route policy permit consumer flows. Stablecoin routes are business-only.
Are there cutoffs on PayShap?
Real-time rails have no cutoffs. Batch and wire rails follow local banking-day windows; cutoffs are shown at quote time.
Does PayShap support idempotent retries?
Yes. Every KeyBS Pay payout carries an Idempotency-Key so retries after transient errors are safe.
Which industries use PayShap most?
Marketplaces, cross-border trade, workforce and NGO programs are the largest users of PayShap on the KeyBS Pay platform.
Route your first PayShap payout
Rail selection is automatic — you never have to pick one manually unless program policy requires it.