PayShap fees expected to stay high in SA

Fintech group Capital Appreciation (Capprec) expects that fees for the PayShap digital payments platform will remain high for the foreseeable future as banks look to recoup the costs that went into developing it. 

In March 2023, BankservAfrica, together with the Payments Association of SA, launched PayShap, which offers consumers cheap access to instant payments across participating banks using cellphone numbers. ..

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