Zimswitch Technologies, a technical company that provides an electronic payment system platform in Zimbabwe, is pushing banks and mobile network operators (MNOs) to integrate their services by sharing infrastructure.
Zimswitch Technologies and South African firm Finteq are finalising the setting up of an automated clearing house which will support the processing of high volume debit and credit transactions.
ZimSwitch is a payments technology company in Zimbabwe. It was founded in 1994 through a collaboration of several banks in Zimbabwe. The core service ZimSwitch provides is interoperability between the different financial services in Zimbabwe, allowing customers of one financial institution to transact with and sometimes through other financial institutions.
ZIMSWITCH Technologies, a company that provides interoperability for local financial payment systems, has introduced “Zeepay”, a new electronic payment product that enables users to send money to multiple recipients.
ZIPIT, the money-transfer service from Zimswitch has been recording explosive growth over the past month and a half as customers seek speed and convenience amid the cash crisis, a source has told us.
ZIMSWITCH is carrying out a trial for its cross border payment system as it moves closer to linking local banks to a regional payment platform to facilitate smooth flow of transactions across the SADC region.
PLAYERS in the financial sector in Zimbabwe that issue debit and credit cards will soon be making a transition from magnetic stripe cards (magstripe) to Europay, Mastercard and Visa technology to curb cloning of bank cards and related frauds which have been on the rise in the country.