Overview

FiveWest provides services designed to streamline international payments into South Africa. Through our ZAR Payout system, we enable Financial Service Providers (FSPs) operating in foreign countries to seamlessly make payments in local currency (ZAR).

The ZAR Payouts API can be used to make instant ZAR payouts to any South African bank account.

How it Works

Client Requirements

- Complete KYB verification for business accounts.

- Complete KYC Level 2 verification for individual accounts.

- Integrate with our APIs if using automation.

Costs

FiveWest can facilitate instant payouts via Payshap to supported banks:

ABSA, African Bank, Capitec, FNB, Investec, Nedbank, Standard Bank, Tymebank.

The following cost structure will apply:

For banks not supported by Payshap, all instant settlements will incur a 20 ZAR charge per payout.

Cash Voucher / Cash Send Payouts

FiveWest supports instant Cash Voucher payouts through the Voucher API, allowing recipients to withdraw funds using their mobile number.

Once successfully processed, the recipient receives an SMS containing the voucher code, PIN, and withdrawal amount.

Vouchers can be redeemed at:

Voucher Limits & Expiry

Maximum voucher amount: 5,000 ZAR

Voucher amounts must be in multiples of 10 ZAR

Vouchers expire after 30 days if not redeemed

Voucher Fees:

More information can be found in the Voucher API documentation:

https://docs.fivewest.co.za/wallet-api/vouchers