Shyft App

Forex transactions made simple on your smartphone

What is Shyft? 

The Shyft app is a global digital wallet for Android and iOS. You can use Shyft whenever you need to buy, spend or send  funds in USD, EUR, GBP and AUD.


How do I get it?  


What can I do with it?

  • Multi-Currency pockets: Buy any of the four currencies(USD,GBP, EUR AUD) and store them in currency pockets
  • Online shopping and eCommerce transactions on international websites
  • Virtual cards (online): Create prepaid cards that are funded from your currency pockets and use them for all your online purchases. Virtual cards can help you avoid conversion fees when you shop, so it is best not to use them on South African sites
  • Payments and transfers: Securely send money anywhere in the world
  • Shyft Multi Currency Card: Use your physical card when you need to swipe or withdraw cash
 

How much money can I send using the Shyft app?

Use Shyft to spend / send a maximum of R 1 million per calendar year. This is the legal limit set by the South African Reserve Bank as your single discretionary allowance (SDA).


What is a foreign exchange allowance?

South African residents over the age of 18 are entitled to a foreign exchange allowance. These are funds that the South African Reserve Bank lets you use for all your international transactions.

A single discretionary allowance is the R1 million allocated to you for international transactions each year. This applies to all your transactions, not just those made using Shyft.

More info

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