South Africa

mkt_za
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PayShap adds instant bank-account payments to South Africa’s rand banking and card-acceptance environment. Merchant acquiring, wallets and electronic bank transfers serve a major regional economy of approximately 64.7 million residents, with GDP per capita near US$6,600 in 2025.

Alpha-3:ZAF
NUM:710
Population
65M
GDP
$427B
GDP per Capita
$7K
GDP Growth
1.1%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in South Africa

Cash accounted for 56% of South African consumer payments by number in the South African Reserve Bank's 2023 study. It remains central to purchases and trade, while cards and electronic methods are used more for higher-value payments.

ATMs (PER 100K)
46.2
BANKS (PER 100K)
8.0
DEBIT CARDS (PER ADULT)
1.5
CREDIT CARDS (PER ADULT)
0.1
Compare

IMF, Financial Access Survey (FAS), 2025

Payment Methods

Estimated Monthly Usage, Aurato Research, October 2026

Schemes

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Systems

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PSPs

Compliance

Standards