South Africa
Instant Money Bulk Payments
Instantly pay your workers, customers, and suppliers directly from your business account to their valid South African cellphone number using our Bulk Payments solution – they don’t even need a bank account.
Simply download the application form below and email it to us to get this solution for your business.
Some of the benefits
No start-up costs
Pay zero onboarding costs and minimise costs on security and administration by reducing cash handling risks on the premises
Simple reporting
Track all payments made with system-generated reports to assist with easy reconciliation
Safe and secure
Stay in control of your daily and monthly limits and add multiple users with customised system access
Easy set-up
You only need internet access to make multiple payments on the go, no extra equipment required
What you get
- Make easy bulk payments to anyone with a South African cellphone number
- Pay up to R5 000 daily and R25 000 monthly per cellphone number
- Stay in control of your business’s money by setting your own limits and multiple levels of capturing and approval
- Reduce the risk of holding cash on your premises, without this being an inconvenience to casual workers you need to pay
- Set future-dated payments and repeat payments easily
- Access system generated reports for easy reconciliation
How it works
Once your Instant Money Bulk Payments service has been activated, you can:
- Load recipients on our web portal individually, or in bulk by importing a spreadsheet
- Initiate payments directly from your business account to recipients’ cellphone number
- Set profile-based payment approvals to prevent fraud and unauthorised payments on the system
How to get it
- Complete the application form and email it to us.
- Alternatively, call us on 086 046 6639 or contact your business banking consultant
Sender requirements:
- Internet access
- Standard Bank business account
Recipient requirements:
- Recipients only need a South African cellphone number, to which the Instant Money voucher can be sent
- Recipients can then withdraw money at a Standard Bank ATM, participating retailers, or store their cash in an Instant Money Wallet by dialling *120*212#
Frequently Asked Questions
If you have questions or queries related to making Instant Money Bulk Payments, you can view our frequently asked questions.
-
What you get
-
How it works
-
How to get it
-
Frequently Asked Questions
- Make easy bulk payments to anyone with a South African cellphone number
- Pay up to R5 000 daily and R25 000 monthly per cellphone number
- Stay in control of your business’s money by setting your own limits and multiple levels of capturing and approval
- Reduce the risk of holding cash on your premises, without this being an inconvenience to casual workers you need to pay
- Set future-dated payments and repeat payments easily
- Access system generated reports for easy reconciliation
Once your Instant Money Bulk Payments service has been activated, you can:
- Load recipients on our web portal individually, or in bulk by importing a spreadsheet
- Initiate payments directly from your business account to recipients’ cellphone number
- Set profile-based payment approvals to prevent fraud and unauthorised payments on the system
- Complete the application form and email it to us.
- Alternatively, call us on 086 046 6639 or contact your business banking consultant
Sender requirements:
- Internet access
- Standard Bank business account
Recipient requirements:
- Recipients only need a South African cellphone number, to which the Instant Money voucher can be sent
- Recipients can then withdraw money at a Standard Bank ATM, participating retailers, or store their cash in an Instant Money Wallet by dialling *120*212#
If you have questions or queries related to making Instant Money Bulk Payments, you can view our frequently asked questions.
Switch to Standard Bank
Explore our business banking accounts and unlock the tools you need to grow your business.