PayShap for Retailers

Electrum’s PayShap for Retailers solution empowers merchants to accept instant payments through South Africa’s PayShap scheme. It provides secure, interoperable QR-based and proxy payments, enabling retailers to reduce cash handling, improve customer convenience, and integrate seamlessly with existing POS and payment systems.

Features

• Support for PayShap instant payment rails
• QR code acceptance for dynamic and static transactions
• Proxy-based payments using mobile numbers or identifiers
• Integration with existing POS and retail payment infrastructure
• Cloud-native architecture for scalability and resilience
• Secure APIs for easy onboarding and connectivity
• Compliance with EMVCo and local regulatory standards
• Real-time transaction monitoring and reporting

Capabilities

• End-to-end payment processing for PayShap transactions
• Dynamic QR generation for real-time payment requests
• Interoperability across banks and payment providers
• Secure encryption and tokenization for transaction safety
• Integration with clearing and settlement systems
• Configurable workflows for retail environments
• Real-time fraud detection and risk monitoring
• Scalable infrastructure to handle high transaction volumes

Benefits

• Enables retailers to accept instant, low-cost payments
• Reduces reliance on cash and associated risks
• Improves customer experience with fast, secure transactions
• Supports interoperability and compliance with national standards
• Accelerates implementation with ready-to-use APIs
• Enhances operational efficiency through automation and monitoring
• Future-proof solution adaptable to evolving payment ecosystems
• Strengthens security with advanced encryption and fraud controls