Instant Money Bulk Payments

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

Some of the benefits

Track Instant Money Bulk Payments with system-generated reports

Lower risk by reducing cash handling on your business premises

Minimise costs on security, administration and control of cash

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.

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

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.

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.