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/ KYC level 2 verification.

- Integrate with our APIs if using automation.

Costs

Subscription cost: 500 ZAR per month.

Payout costs:

FiveWest can facilitate instant payouts via Payshap to supported banks:

ABSA, African Bank, Capitec, FNB, Investec, Nedbank, Sasfin, 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.