--- title: The conflict of interest at the heart of PayShap’s slow... description: PayShap, South Africa's low-cost instant payment system, is three years old but has yet to reach critical mass. The core problem is structural: big retail... canonical: https://daily.dev/posts/the-conflict-of-interest-at-the-heart-of-payshap-s-slow-adoption-xyrmmorme twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: The conflict of interest at the heart of PayShap’s slow adoption | daily.dev og:description: PayShap, South Africa's low-cost instant payment system, is three years old but has yet to reach critical mass. The core problem is structural: big retail... og:url: https://daily.dev/posts/the-conflict-of-interest-at-the-heart-of-payshap-s-slow-adoption-xyrmmorme og:image: https://api.daily.dev/og/posts/XYRmmOrmE.png og:image:alt: The conflict of interest at the heart of PayShap’s slow adoption og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # The conflict of interest at the heart of PayShap’s slow adoption **[TechCentral](https://daily.dev/sources/techcentral)** · 4 min read · 0 upvotes · 0 comments ## Summary PayShap, South Africa's low-cost instant payment system, is three years old but has yet to reach critical mass. The core problem is structural: big retail banks face a conflict of interest in promoting a rail that cannibalises their non-interest revenue. Drawing on lessons from Brazil and India, the author argues that central banks — not private institutions — must drive adoption. The South African Reserve Bank's recent investment in PayShap (via the rebranded PayInc) and the finance minister's 2026 budget commitment to open shared payments infrastructure are seen as positive course corrections. Full adoption could unlock working capital for SMEs, reduce unemployment, and broaden financial inclusion, but robust governance and fraud mitigation are still needed. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Three years in, PayShap pivots to merchants](https://daily.dev/posts/three-years-in-payshap-pivots-to-merchants-qmkisfsef) · TechCentral · 0 upvotes · 0 comments - [India’s UPI shows what South Africa’s PayShap could become – if we dare](https://daily.dev/posts/india-s-upi-shows-what-south-africa-s-payshap-could-become-if-we-dare-wuhnenhf5) · TechCentral · 0 upvotes · 0 comments - [The open banking divide in South Africa](https://daily.dev/posts/the-open-banking-divide-in-south-africa-o5ydtb6fe) · TechCentral · 0 upvotes · 0 comments - [Paystack CEO: solving interoperability is key to Africa’s fintech future](https://daily.dev/posts/paystack-ceo-solving-interoperability-is-key-to-africa-s-fintech-future-cptp5g9mn) · TechCentral · 0 upvotes · 0 comments --- Tags: [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/the-conflict-of-interest-at-the-heart-of-payshap-s-slow-adoption-xyrmmorme) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"The conflict of interest at the heart of PayShap’s slow adoption","url":"https://daily.dev/posts/the-conflict-of-interest-at-the-heart-of-payshap-s-slow-adoption-xyrmmorme","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/the-conflict-of-interest-at-the-heart-of-payshap-s-slow-adoption-xyrmmorme"},"datePublished":"2026-03-26T08:20:45.975Z","dateModified":"2026-03-26T08:21:12.695Z","description":"PayShap, South Africa's low-cost instant payment system, is three years old but has yet to reach critical mass. 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