Pay the country.
Veymo is the regulated outbound rail for organisations that pay many. Payroll, suppliers, grants, contractors and claims - on one cleared cycle, settled same-day across every South African bank.
Disbursement is the most expensive thing finance still does by hand.
The pattern repeats across sectors. The instruments change; the friction does not.
Operating cost
Disbursement still costs South African organisations between R12 and R85 per beneficiary - a tax on the act of paying. The cost compounds at scale; a 4,000-beneficiary monthly run carries six-figure fees most CFOs have stopped noticing.
Compliance overhang
Every payment cycle re-collects FICA, re-runs OFAC, re-validates beneficiary banking. The audit team finds the gaps after the fact. The platform should refuse non-compliant instructions before they reach a bank.
Counterparty drag
Recipients wait two to five working days for funds to clear. The drag is invisible on the issuer side and unforgivable on the recipient side. Counterparties remember which suppliers pay on time - and which need chasing.
The regulatory floor just moved.
Three shifts converging in 2026 - and the firms that already work to the new floor will be the ones still operating without intervention in 2027.
SARB Draft Directive
The South African Reserve Bank's outbound-payments directive raises the bar on pre-funding, traceability and beneficiary verification. Veymo is built to its end state - not retrofitted to it.
PayShap & instant rails
Instant settlement is no longer optional infrastructure. Beneficiaries and auditors now expect cleared funds within the day. The slow rail is becoming an audit finding, not a process choice.
AG enforcement
The Office of the Auditor-General's enforcement posture under MFMA and PFMA has hardened. Disbursement records are no longer reconstructable after the fact - they must be produced in the cycle that created them.
One cleared cycle. Every sector. Every bank. By design.
The platform was built for the regulatory floor we now operate under. Speed, scope, compliance and safety are not features - they are the floor.
Speed
Cycles instructed before 13:00 SAST clear same day across every South African bank.
Scope
Payroll, suppliers, grants, contractors and claims on one cycle - not five workflows.
Compliance
SARB-recognised PSP, FICA Accountable Institution, POPIA Operator - by design, not by retrofit.
Safety
Pre-funded. Ring-fenced. Reconcilable to the cent - to your auditors and to the AG.
Seven sectors. One cycle.
Every client sector has the same problem in a different costume. Veymo's job is to remove the costume.
Disburse to staff, suppliers and contractors - on one cleared cycle.
For listed and large unlisted corporates running monthly payroll, weekly supplier runs and ad-hoc contractor settlements. Veymo consolidates the lot into a single pre-funded cycle, with audit trails your external auditors can read on first pass.
Monthly payroll · 1,420 beneficiaries
Four steps. One cleared cycle.
Same workflow whether it's a 50-beneficiary supplier run or a 12,000-beneficiary grant cycle.
Instruct
Your team uploads the run from your ERP, payroll, or claims system. Native exports from Sage, Xero, Dynamics, NetSuite, SAP. Or paste a structured CSV.
Instruction layerValidate
Every beneficiary is screened - KYC, OFAC, AVS, and your sector-specific registers (Home Affairs, indigent registers, B-BBEE) - before a single cent moves.
Validation layerFund
You pre-fund the cycle from your operating account. Funds are ring-fenced. Veymo never holds money in its own balance sheet - it operates rails, not a treasury.
Funding layerSettle
The cycle settles into every beneficiary's bank, same-day. You receive a reconciled, signed audit pack - readable by external audit, internal audit and the AG.
Settlement layerReceipts, not projections.
Numbers from the operating cycle to date. Updated quarterly with our compliance committee.
The receipts of the first cycle.
You will feel the difference in the first cycle, not the fifth. These are the moves that show up immediately.
For Finance
Reconciliation moves from a five-day month-end exercise to a same-day cycle artefact. Your GL closes against the cycle, not against the bank statement.
For Payroll & Ops
Beneficiary FICA is collected once and refreshed automatically. The 'why didn't they get paid?' inbox stops filling up.
For Leadership
Your compliance posture becomes evidence - a cycle pack you can hand to the board, to the AG, to a counterparty's risk team without translation.
The cycle, visible.
A static preview of the operating portal. Your team gets the live version on day one.
Cycle overview · May 2026
Updated 12:18 SAST| Cycle | Sector | Beneficiaries | Amount | Status |
|---|---|---|---|---|
| C-2026-05-12-A | Payroll | 1,420 | R 12,840,200 | Cleared |
| C-2026-05-10-A | Suppliers | 208 | R 3,612,400 | Cleared |
| C-2026-05-09-A | Contractors | 112 | R 1,288,700 | Cleared |
| C-2026-05-08-A | Locums | 44 | R 686,200 | In progress |
| C-2026-05-05-A | Suppliers | 188 | R 2,994,400 | Cleared |
Built to be answerable.
Five posture commitments - each one defensible to a regulator, an auditor and an institutional buyer in the same conversation.
Regulation
SARB-recognised PSP. Operating under the National Payments System framework, audited against the SARB's outbound directive standard.
Funds safety
Pre-funded. Ring-fenced. Veymo holds no client funds on its own balance sheet - cycles run from segregated, named accounts.
KYC & AML
FICA Accountable Institution under the FIC Act. OFAC, UN, EU, HMT, DFAT and PEP screening on every beneficiary, every cycle.
Data
POPIA Operator. Data hosted in South African data centres. Cycle data retained for the statutory minimum; PII purged on schedule.
Audit
Annual ISAE 3402 Type II. Cycle-level export packs to AG-format. Direct read-only access for your internal audit on request.
From conversation to first cleared cycle, in 30 days.
A 90-minute working session with your CFO, Treasury and Compliance leads. We map your current cycle, find the friction, and produce a written brief.
A binding proposal in writing - scope, settlement model, pricing, compliance plan, integration path, contracts.
Your first cycle runs through Veymo. Reconciled to the cent. Signed audit pack delivered the same day.