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ProductZAR Settlements

ZAR Settlements

ZAR Settlements

Overview

FiveWest provides services designed to streamline international payments into South Africa. Through our ZAR Payout system, we enable Financial Service Providers (FSPs) operating in foreign countries to seamlessly make payments in local currency (ZAR).

The ZAR Payouts API can be used to make instant ZAR payouts to any South African bank account.


How it Works
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Client Requirements

- Complete KYB/ KYC level 2 verification.

- Integrate with our APIs if using automation.


Fees

From 1 July 2025, new clients making use of our settlements service will incur a monthly subscription fee of 500 ZAR. Clients will incur a fee of 20 ZAR per payout.



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