Important Notice: The Old TymeBank app has been discontinued. Switch to the GoTyme Bank app to continue banking. Your account information, balance and cards remain unchanged. Use your same login details.

PayShap is South Africa's real-time payment system. It lets you send money between participating banks instantly, any time of day, using a cellphone number or account number.

No. PayShap is switched on automatically in the GoTyme Bank app. There is nothing new to download and nothing to sign up for.

Your ShapID is your cellphone number linked to your bank account for PayShap. With GoTyme Bank, your ShapID is yourcellphonenumber@GOTYME. It means people can pay you without your account number or branch code.

With GoTyme Bank, Instant Payments via PayShap are free up to R5,000. A flat R7 applies from R5,001 up to the R50,000 limit. Receiving money is always free.

You can send up to R50,000 a day instantly with Instant Payments via PayShap. That can be one payment of R50,000 or several smaller payments. There is no limit on how many payments you make, only on the total you send in a day. For larger amounts, use a Standard Payment, which is free and lands at another bank within 1 to 3 business days.

Yes. GoTyme to GoTyme payments up to R500,000 are always instant and always free.

It lands in the recipient's account instantly once you authorise it, including weekends and public holidays. There are no cut-off times.

When you pay a cellphone number or account number, the recipient's registered name shows before you confirm. If it does not match, stop and check.

It lets you ask someone for money. The request arrives in their banking app with the amount filled in, they approve it and the money lands in your account instantly. Sending one from the GoTyme Bank app is free.

Anyone who banks with African Bank, Capitec, FNB, Nedbank or Standard Bank.

No. A Payment Request is only a request. Nothing leaves your account until you approve it. You can reject any request you do not recognise.

No. Once you authorise an Instant Payments via PayShap, it cannot be reversed. Always check the name, amount and reference before you confirm.

No. PayShap only moves rands between participating South African banks.

It shows in your normal transaction history in the GoTyme Bank app, like any other payment. You and the person you paid both get a notification when it arrives.

Yes. Small businesses and sole proprietors use PayShap to get paid with Payment Requests and to pay suppliers and staff instantly.

Open the GoTyme Bank app and start sending and receiving Instant Payments via PayShap.

 

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Protecting your personal information

Protection of Personal Information Act 4 of 2013

GoTyme Bank understands that your privacy is important to you and we value your trust. That’s why we do everything we can to keep your information safe. Please refer to our Privacy Policy which explains how we handle your personal information.

Please contact our Customer Contact Centre on 0860 999 119 if you want to access records of your personal information held by us. Please note that you may be requested to complete some forms and provide supporting documents in order for us to assist you.