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.
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What you get
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How it works
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How to get it
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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.
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