At this point, it’s now old news that our economy and the currency are not doing so well and a clear sign of that is basic goods and services cost more than the amount of money you are allowed to extract from your bank account.
Zimswitch has announced new Zipit limits for person-to-person payments. Single transaction limits have been moved from ZW$25 000 to ZW$$100 000 with monthly limits having been bumped up to ZW$400 000 from ZW$100 000 back in June. This review will take effect on the 1st of August 2022.
ZIPIT LIMIT REVIEW
Dear Valued Customer,
Please be advised that the ZIPIT person to person transaction limit has been reviewed from ZWL$25,000 to ZWL$100,000 with a monthly limit of ZWL$400,000 effective 1 August 2022. In other words, an individual may now opt to send up to ZWL$100,000 per single transaction but ultimately being governed by the maximum limit of ZWL $400,000 per month.
The ZIPIT functionality is available on the following options:
1. ZIPIT from any Bank to all Mobile wallets,Ecocash,OneMoney,Telecash and MyCash
2. ZIPIT from all mobile wallets to all banks.
3. ZIPIT across all banks.
4. ZIPIT across all wallets
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