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Send money using PayShap

Use a recipient’s ShapID to send them money instantly.

Pay or receive money instantly
You can now send or receive money easily without sharing your bank details. Simply set up a ShapID and get going!
 

Why use this feature?

  • It’s safe – why carry cash when you can PayShap it?
  • It's affordable – see our 2023 Fee Schedule for more details.
  • It’s instant – whether you’re paying or receiving the money.
     
How to register

To register for a ShapID on the Nedbank Private Wealth app or Nedbank Private Wealth Online Banking, simply:

1. Log on and go to More on the Nedbank Private Wealth app, or click on Settings if you’re using Nedbank Private Wealth Online Banking;
2. select ShapID management;
3. go to Register a ShapID;

 

Register for a ShapID on the Nedbank Private Wealth app
 

Register for a ShapID on Nedbank Private Wealth's Online Banking
 


4. read and accept the terms and conditions;
5. select the account you want to link your PayShap to; and
6. select Register, then Done.

To register using Cellphone Banking, simply dial *120*001# and follow the Payshap menu steps.

 

How to pay using PayShap on the Nedbank Private Wealth app

 1. Log on to the the Nedbank Private Wealth app.
 2. Select Transact.
 3. Select Payment.

 4. For a once-off payment:

4.1 enter the beneficiary’s name;
4.2 in the Account type field choose PayShap from the dropdown list;
4.3 enter the ShapID; and
4.4 click on Confirm ShapID (and make sure that you are paying the right person).

 5. If an existing beneficiary:

5.1 search for the saved beneficiary and select Beneficiary;
5.2 select PayShap details from the beneficiary contact card; and
5.3 the ShapID details will be populated automatically.

 6. Complete all the required fields, including the amount you want to send.
 7. Click on Pay.
 8. If you have not already registered for PayShap via More > ShapID Management, you will be asked to read and accept the terms and conditions.
 9. Review the payment details and select Confirm payment.
 

10. Read the note that appears with your payment details – read these carefully and only click Yes if you are sure that the payment details are correct. (The payment is immediate and cannot be reversed!)
11. Select OK.
 

It’s as simple as that. The recipient will get the money in seconds.
 

How to pay using PayShap on Nedbank Private Wealth Online Banking

 1. Log on to Online Banking.
 2. Select Transact.
 3. Select Single payment.

 4. If a new beneficiary or once-off payment:

 4.1 enter the new beneficiary’s  name;
 4.2 swipe to PayShap; and
 

 4.3 enter the ShapID and confirm the ShapID details.
 4.4 Click Next.
 4.5 If you have not already registered for PayShap via Settings > ShapID Management, you will be asked to read and accept the terms and conditions.

 5. If an existing beneficiary:

 5.1 search from saved beneficiaries and select beneficiary.
 5.2 select PayShap details from the beneficiary contact card; and
 5.3 the ShapID details will be populated automatically.

 6. Select Next.
 7. Read the terms and conditions and select Accept.
 8. Enter the amount you want to send.
 9. Complete the payment reference details.
10. Review the payment details and select Pay. 
 

11. Read the note that appears with your payment details – read these carefully and only click Pay now if you are sure that the payment details are correct. (The payment is immediate and cannot be reversed!)
12. Confirm your payment by selecting Pay now.

It’s as simple as that. The recipient will get the money in seconds.
 

Click here to read the FAQs.
Read the terms and conditions.
How to guide with full steps for Cellphone Banking (*120*001#)

 1. Dial *120*001# and log in to .Cellphone Banking using your five-digits PIN.
 2. Choose PayShap on the main menu.

 3. If registered for PayShap and making a once-off payment to a new recipient

 3.1 choose Pay a ShapID;
 3.2 choose the account to pay from;
 3.3 enter the ShapID details; and
 3.4 choose the bank the ShapID is linked to.

 4. If registered for PayShap and paying a saved recipient:

 4.1 choose Pay recipient;
 4.2 choose the account to pay from; and
 4.3 choose the recipient you want to pay.

 5. If not registered for PayShap and making a once-off payment to a new recipient

 5.1 choose Pay;
 5.2 choose ShapID;
 5.3 choose the account to pay from;
 5.4 enter the ShapID; and
 5.5 choose the bank the ShapID is linked to.

 6. If not registered for PayShap and paying a saved recipient

 6.1 choose Pay;
 6.2 choose PayShap recipient;
 6.3 choose the account to pay from;
 6.4 enter the ShapID; and
 6.5 choose the bank the ShapID is linked to.

 7. Verify the recipient details and choose Continue.
 8. Enter the amount you want to send.
 9. Enter the reference.
10. Review the payment details and select Confirm.
11. Select Main menu or exit the session.

It’s as simple as that. The recipient will get the money in seconds. Follow the link for the steps.

PayShap payments are also accepted by Standard Bank, ABSA and FNB.

 

Additional Information

Nedbank Private Wealth app

Find out more

The Nedbank Private Wealth app gives you 24/7 secure access to all your wealth with us – in one place, from the convenience of your phone.

Our banking offering

Find out more


Your feedback matters

Please take a moment to give us your suggestions

Give us your suggestions.

Contact us

0800 111 263
contact@nedbankprivatewealth.co.za
Call me back

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Interested in joining
Nedbank Private Wealth?

Become a client today

Useful links & Contacts

Your feedback matters

Please take a moment to give us your suggestions

Give us your suggestions.

Contact us

0800 111 263
contact@nedbankprivatewealth.co.za
Call me back

Important links

Disclaimer
Legal
FICA
FATCA/CRS
Fraud awareness
Depositor insurance

Legal notices
Client feedback
Privacy policy
LinkedIn
Facebook
Twitter
Instagram
YouTube

Nedbank Private Wealth includes the following entities: Nedbank Ltd Reg No 1951/000009/06 (NCRCP16) (FSP9363) | Nedgroup Private Wealth (Pty) Ltd Reg No 1997/009637/01 (FSP828) | Nedgroup Private Wealth Stockbrokers (Pty) Ltd Reg No 1996/015589/07 (NCRCP59) (FSP50399), a member of the JSE. Please note that our calls may be recorded.

Nedbank Private Wealth includes the following entities: Nedbank Ltd Reg No 1951/000009/06 (NCRCP16) (FSP9363) | Nedgroup Private Wealth (Pty) Ltd Reg No 1997/009637/01 (FSP828) | Nedgroup Private Wealth Stockbrokers (Pty) Ltd Reg No 1996/015589/07 (NCRCP59) (FSP50399), a member of the JSE. Please note that our calls may be recorded.

Nedbank Private Wealth app

Find out more

The Nedbank Private Wealth app gives you 24/7 secure access to all your wealth with us – in one place, from the convenience of your phone.

Our banking offering

Find out more

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