#zimswitch

“Designation of Zimswitch as a National Payment Switch” – Here’s is what it means

There’s been a lot of questions regarding yesterday’s announcement by the Reserve Bank of Zimbabwe about the “designation of Zimswitch as a national payment switch”.

DESIGNATION OF ZIMSWITCH TECHNOLOGIES (PRIVATE) LIMITED (ZIMSWITCH) AS A NATIONAL PAYMENT SWITCH

In accordance with the provisions of the National Payment Systems Act [Chapter 24:23] and the Banking (Money Transmission, Mobile…

EcoCash to become just a wallet, RBZ says everyone must connect to ZIMSWITCH

So this happened:

PRESS STATEMENT

DESIGNATION OF ZIMSWITCH TECHNOLOGIES (PRIVATE) LIMITED (ZIMSWITCH) AS A NATIONAL PAYMENT SWITCH

In accordance with the provisions of the National Payment Systems Act [Chapter 24:23] and the Banking (Money Transmission, Mobile Banking, and Mobile Money Interoperability) Regulations, Statutory Instrument 80 of 2020 (the Regulations), the Reserve Bank of Zimbabwe…