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Instant Money Bulk Payments

Instant Money Bulk Payments product detail

Make Instant Money transfers to multiple recipients directly from your business account using a web interface.

Some of the benefits

Simpler reporting

Track Instant Money Bulk Payments with system-generated reports

Stronger security

Lower risk by reducing cash handling on your business premises

Lower costs

Minimise costs on security, administration and control of cash

Easy set-up

All you need is internet access, no specific equipment required
Overview
  • Streamline the way you make payments without the recipient needing a bank account to get paid.
  • Recipients need only a South African cell phone number, to which the Instant Money voucher can be sent. They can then withdraw money at a Standard Bank ATM or affiliated retailers, or store their cash in an Instant Money digital wallet.
  • This reduces your risk in holding cash on your premises, without this being an inconvenience to people you need to pay.

See Bulk Payments T&Cs

How it works
  • Once your Instant Money Bulk Payments service has been activated, you can load recipients on the web portal individually, or in bulk by importing details from a spreadsheet.
  • You can then initiate payments directly from your business account to recipients’ cellphone number. System controls allow you set profile-based payment approvals to prevent fraud and unauthorised payments on the system.
How to get it
  • Overview
  • How it works
  • How to get it
  • Streamline the way you make payments without the recipient needing a bank account to get paid.
  • Recipients need only a South African cell phone number, to which the Instant Money voucher can be sent. They can then withdraw money at a Standard Bank ATM or affiliated retailers, or store their cash in an Instant Money digital wallet.
  • This reduces your risk in holding cash on your premises, without this being an inconvenience to people you need to pay.

See Bulk Payments T&Cs

  • Once your Instant Money Bulk Payments service has been activated, you can load recipients on the web portal individually, or in bulk by importing details from a spreadsheet.
  • You can then initiate payments directly from your business account to recipients’ cellphone number. System controls allow you set profile-based payment approvals to prevent fraud and unauthorised payments on the system.