If you are a paid up member of the country’s ruling party ZANU PF and you have the latest version of their membership card there’s something you’ll have noticed already. The card is written ZANU PF Financial Services and has a Zimswitch logo at the back of it.
After receiving some inquiries regarding this card and its functionality we set out to establish what sort of service, Zimswitch or otherwise it was supposed to offer.
Our correspondence with ZANU PF didn’t offer much detail. According to the representative we spoke to the card has “many functions” (not disclosed) that will only come to light when they have been activated.
According to an individual from Zimswitch, any third party(excuse the pun) who wishes to take advantage of the financial services network has to get into a third party agreement with a bank that is a member of the Zimswitch network already. This is the sort of arrangement that Telecel had to be part of with CBZ to launch its telecash Gold Card some months ago.
Zimswitch could not confirm the existence or related arrangements regarding the ZANU PF Party card/ payments card.
We did however get information from another source that told us that the card is part of an arrangement with POSB. When we contacted the bank they referred us to ZANU PF to get more information on the card.
So what exactly is this card meant to do? Is it a brand extension of POSB or whichever bank that ZANU PF is partnering with? Are there plans to introduce loyalty points that have cash value which party members can swipe or withdraw against? Or is this the first phase in the launch of a financial services firm or electronic payments option for ZANU PF?
If you are willing to share information on the ZANU PF Membership/Financial Services Card and its payments/Zimswitch functionality please do so in the comments below.