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Bob, a prominent South African e-commerce and financial technology (fintech) entity, has rolled out a Real-Time Payments (RTP) functionality for its Bob Pay offering. This cutting-edge capability, achieved through a direct hook-up with PayShap, permits merchants to process requests for and promptly take in payments from shoppers. It thus establishes a secure, budget-friendly new avenue for completing digital transactions. From a cost perspective, the transaction fee levied on merchants for utilising PayShap is a competitive percentage with a strict maximum cap. This structure means it's substantially more economical for merchants dealing with high-value sales compared to traditional percentage-based card fees.