The History of Zimswitch Technologies and Key Milestones

We knew that by aligning our incentives with our customers, without compromise, we could build something truly significant.

The History of Zimswitch Technologies and Key Milestones

March 25, 2019 by admin

Our History

It was established in 1994 with a partnership of 6 banks.
In 1995, Zimswitch processed its first ATM transaction and had its first POS transaction in 1996.
Between 2001 and 2015, Zimswitch introduced new payment streams ranging from V-payments (online shopping), ZIPIT (mobile money transfer) and also linked settlement into RTGS and went regional to link local banks into SADC thereby was voted the best e-commerce service provider.
To date, Zimswitch has a membership of 24 Participants which includes banks, MNOs and TPPSPs.
Some accolades Zimswitch has collected include being the Best E-Commerce Platform Provider, 1st Runner-up for Customer Focused Innovation (CCAZ) 2017, 11th position and in business to business sector (MAZ Superband), 1st Runner-up in the Money Transfer Sector (MAZ Superbrands) 2017 and 2018.

Key Milestones over the years