Ozow Launches a ‘Real-Time Payments’ PayShap Request Feature SA Merchants
- Ozow officially launched PayShap Request, enhancing real-time payment capabilities for merchants.
- The PayShap ecosystem has processed over R100 billion across 136 million transactions since its introduction.
- More than 4.5 million ShapIDs have been registered, indicating strong market adoption.
The launch of PayShap Request by Ozow represents a significant advancement in the South African fintech landscape, addressing key issues of accessibility and efficiency in digital payments. This initiative not only supports the SARB's goals but also positions Ozow as a leader in the payments space, potentially reshaping consumer behavior and merchant operations in the region. Further discussions could explore the long-term impacts of such innovations on financial inclusion and the competitive landscape among fintech companies.
