Zimswitch at ZITF 2022: NOSTRO EFTs, debit orders, wallet on POS & more

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ZITF 2022 Zimswitch

The National Payments Switch, Zimswitch was an exhibitor at the Zimbabwe International Trade Fair (ZITF 2022). It appears that their main mission for this year’s edition of the ZITF was to interface with customers (both corporate and individual) about who they actually are and what they do.

For all those who might not be aware (it will most certainly be the minority), Zimswitch was named the national payments switch by the Reserve Bank of Zimbabwe in 2020. This allowed the company to bring about an era of interoperability which essentially means that you and I can send money to any bank account or EcoCash, OneMoney and Telecash wallet directly.

That announcement also ushered in a number of products from Zimswitch like ZIPIT Smart, which is basically like “EcoCash” however you will be using money from a bank account that has fewer limits as compared to a mobile money wallet. ZIPIT Smart also works much like a Point of Sale (POS) machine but on a mobile phone for informal traders who want to be able to support card transactions but don’t have the funds to purchase or rent a POS machine.

Video: Zipit Smart brings EcoCash features to your bank account

Zimswith also launch a bulk payment solution called ZeePay which supports EFT Credits (batch) โ€“ low value, high volume (bulk) payments for interbank bulk disbursements of funds, Real-Time Credits (single) โ€“ low-value single payments and EFT Debits (batch). These payment streams can be made through Person to Person (P2P), Person to Business (P2B), Business to Person (B2P) or Business to Business (B2B).

Zimswitchโ€™s ZEEPAY offers an array of bulk payment solutions

The team ZImswitch sent to Bulawayo were kind enough to give us a tour of their stand and go over developments new and old. You can watch Zimswitch at ZITF 2022 with the player below or watch it on YouTube directly with the link here.

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  1. Sam

    Nostro Efts and wallets haina kana kumbonyorwa. When you write a head for a topic shouldnt it be included in the body then. I was actually lured to read misinformation. Zvinobhowa.
    I thj k zimswitch yacho should include ewallets for usd , since takavharirwa innbucks, whilst mukuru et al , charge ridiculous amnts or esp mukuru says panapa we dont do give money yaitwa locally sent yet they brag so many branches and outlets. You suck mukuru . You suck also mukuru . Mxm

    1. b.muja

      Ko mukuru yakubawo inogoti we don’t give money locally send how ๐Ÿ˜„๐Ÿ˜„๐Ÿ˜„๐Ÿ˜„ko ine yasendwa inenge yaendepi??? Andi it’s like yatobva outside the country ndoinofana kunetsa that’s daylight robbery hop it doesn’t graduate into take it as rtgs via bank rate if locally send.haaa Gore riri towards maelections tinoona zvisiomekwi zvokwadi kkk haaa Zimbabwe inoita kunhuwa with bad policies yaoraa haiwa

  2. Trust

    Correct forever

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