What is PayShap?
PayShap is a payment method that allows you to pay or be paid instantly, up to R3 000 per transaction, by using just a mobile phone number (ShapID), business name (Shap Name) or traditional bank account details. As an Investec Private Bank or Business Account holder, you can enjoy the convenience of PayShap on our state-of-the-art digital channels, Investec Online and the App.
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Low-value payments at competitive or no fees
HOW TO USE PAYSHAP ON INVESTEC ONLINE AND THE APP AND WHERE TO USE PAYSHAP
How to set up PayShap
To set up PayShap, look for the PayShap icon on Investec Online or the Investec App and register.
Keep in mind, PayShap payments can only be made to participating banks.
If you register Investec as your primary ShapID, payments will be seamlessly deposited into your linked Investec account and you do not have to share your bank name and account number with anyone who wants to pay you.
Where to use PayShap
PayShap is ideal for instant low value transactions such as craft and food markets, private tutors and au pairs, general maintenance services and mobile payment app users.
It's perfect for anyone who wants a quick and easy way to make and receive payments securely.