BankservAfrica
Financial ServicesGauteng, South Africa201-500 Employees
BankservAfrica, based in Johannesburg, Gauteng, is a mid-sized financial services firm that functions as a central payments infrastructure operator in South Africa. It has rebranded to PayInc and continues to support digital payments through PayShap, a real-time, low-cost option developed with the South African Reserve Bank and launched in March 2023. The group also introduced Transactions Cleared on an Immediate Basis (TCIB) to streamline remittance clearing across Southern Africa, launched in February 2024. Its primary customers are banks and financial institutions in Southern Africa that rely on clearing and settlement services for domestic and cross-border payments. Through collaborations with central banks and private sector partners, it contributes to the region’s digital payments ecosystem and cross-border payment capabilities.
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