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.
Formed as Zimswitch Partnership of five founding banks
1995
01 Jan
1995
Processed first ATM transaction
1996
01 Jan
1996
Processed first POS transaction
2001
01 Jan
2001
Incorporated as Zimswitch Technologies (Pvt) Ltd
2006
01 Jan
2006
Migrated to the Postilion switch for enhanced functionality
2012
01 Jan
2012
Introduced new payment streams (credit push to bank and credit push to mobile). These are known as ZIPIT.
2013
01 Jan
2013
Introduced internet shopping transactions (Vpayments).
2014
01 Jan
2014
Celebrated 20 years of providing industry interoperability
2015
01 Jan
2015
Linked settlement into RTGS • Going regional to link local banks into SADC • Voted best e-commerce service provider
2016
01 Jan
2016
• Best E-Commerce Platform Provider • Best Digital Financial Services Aggregator
2017
01 Jan
2017
• Best E-Commerce Platform Provider • 1st Runner-up in the Money Transfer Sector (MAZ Superbrands) • 1st Runner-up for Customer Focused Innovation (CCAZ) • 11th position in business to business sector (MAZ Superband)
2018
01 Jan
2018
First runner up in the Money Transfer Sector (MAZ Superbrand)
2017
01 July
2020
Designated by the RBZ to become the National Switch