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No, you can’t send money from EcoCash to OneMoney yet
On the 9th of July, the Reserve Bank of Zimbabwe issued a directive that made ZimSwitch the national payments switch. This meant that EcoCash was going to be relegated to being just another wallet....
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EcoCash & others given until 30 September to connect to ZimSwitch
The assumed deadline for the ZimSwitch’s role as the national switch was the 15th of August 2020. That deadline has passed and that led many to wonder when this measure will come into effect. Earlier...
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ZimSwitch to launch new and improved ZIPIT Smart tomorrow
Last week, we wrote about ZIPIT Smart, a product we are excited to see enter the market. ZIPIT has announced that their new product will be launched tomorrow. ZIPIT Smart will allow merchants...
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Here’s how to make a ZIPIT Smart transaction
ZimSwitch has just rolled out a pretty huge upgrade to the ZIPIT platform. Before the upgrade, ZIPIT had one use case really – Transferring funds. ZIPIT Smart changes this up and now allows consumers...
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EcoCash blood in the water, who will take advantage?
The payments space is in for some very big changes. Some of these changes we may be able to see. Others we can speculate on and there are others that are beyond the horizon. EcoCash, which seemed...
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Zimswitch announces partnership with Mastercard to “modernise national...
Zimswitch today announced a partnership with Mastercard that they say will “enable the modernization of Zimbabwe’s payment infrastructure”. Whilst Zimswitch and Mastercard are yet to announce any...
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Zimswitch shares list of shops where civil servants and pensioners can use...
Earlier this year the government promised to give Civil Servants a US$75 pay raise. Whilst the civil servants got a raise it required them to open up NOSTRO accounts and get FCA cards they would...
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ZimSwitch confirms completion of mobile money operator integration
The deadline for EcoCash and Mobile Money Operators (MMOs) to join ZimSwitch as the national switch was the 30th of September 2020. That deadline has passed and yesterday we learned that EcoCash had...
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Here’s how much it costs to send money from EcoCash to OneMoney & vice versa
We have crossed the threshold of interoperability as per the directive that made ZimSwitch the national switch. This means that we can all send money from EcoCash to other mobile money wallets as well...
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RBZ says it will continuously review the 35K a week mobile money limit
The Reserve Bank of Zimbabwe (RBZ) released a statement that concerned the discussions and resolutions made by the Monetary Policy Committee (MPC) that took place on the 2nd of October 2020. One of...
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ZIPIT Smart launches promotion, was this inspired by EcoCash Rewards?
In early September ZimSwitch announced the launch of a new product called ZIPIT Smart. The platform aims to give users an EcoCash-like experience but through the funds in their bank accounts. This...
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FBC Bank rolls out ZIPIT Smart merchant & bill payments
ZIPIT Smart has been around for a little while now and is the one innovation that could dethrone EcoCash as the mobile money king/queen of Zimbabwe. The service allows you to make payments through...
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Nedbank had second highest ZimSwitch transactions in 2020
Nedbank has released its financial results for the year-end 2020. The bank recorded a total comprehensive income of ZWL$1.1 billion after a poor 2019 where the bank registered ZWL$198 million....
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C-Trade now allows traders to deposit using ZIPIT
Securities trading platform, C-Trade, now allows traders to deposit money into their accounts using ZIPIT. The platform already allows traders to deposit money using Ecocash, Telecash, OneMoney via...
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Dear ZIMSWITCH, make a ZIPIT gateway as an alternative to Vpayments.
There is no way to sugarcoat this, VPayments is just dead tech, nobody I know uses it. Nobody I know has ever used it; at least not regularly. This is where I have to confess that I am not omniscient...
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Zimswitch partners with VISA to accelerate digital payments in Zimbabwe
The country’s National Switch and clearinghouse, Zimswitch has followed up its union with Mastercard by announcing a partnership with Visa. At face value, the Visa and Zimswitch relationship looks...
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Zimswitch needs to strike a balance between ZWL & USD e-commerce
Zimswitch has gained an ever more important role in the national economy over the last 11 months. It started with the company being designated as the National Switch which meant that EcoCash, which...
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EcoCash’s Zimswitch services including bank to wallet are down
EcoCash has in a statement announced that it’s Zimswitch services are down. CUSTOMER NOTICE EcoCash/Zimswitch service interruptionDear Valued Customers,Please be advised that you may experience...
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Zimswitch’s bulk payments solution ZEEPAY has resurfaced
In 2018, Zimswitch, at its Payments Conference announced that it would be bringing a bulk payment solution called ZEEPAY. The product builds off the immediate settlement services we all use by way of...
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RBZ to acquire a 15% stake in Zimswitch
The Reserve Bank of Zimbabwe (RBZ) today released the Mid Term Monetary Policy Statement which highlighted the events of the previous year and this one. In that statement, there was an interesting...
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BancABC first bank to benefit from Mastercard & ZimSwitch partnership
Late last year ZimSwitch announced that it had partnered with Mastercard to “enable the modernization of Zimbabwe’s payment infrastructure”. The collaboration between the two set out to offer embossed...
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Zimswitch’s ZEEPAY offers an array of bulk payment solutions
As a growing economy, Zimbabwe requires homegrown payment solutions which service and meet the unique needs of the fast-changing market. As such the bulk payments infrastructure is expected to...
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Zimswitch at ZITF 2022: NOSTRO EFTs, debit orders, wallet on POS & more
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...
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Zimswitch raises Zipit limits
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...
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You can pay using OneMoney from any POS now, is this a game changer?
You have heard the news, you can now pay straight from your OneMoney mobile money wallet via Point of Sale. This means wherever you find a POS machine you don’t have to ask if they accept OneMoney,...
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Zimswitch new ZIPIT limits Oct 2022
Zimswitch has announced new limits for person-to-person transactions. This limit is now ZW$150 000 per transaction up from ZW$100 000 with the monthly limit now set at ZW$600 000. These new...
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POSB launches dual currency Mastercard debit card and joins the prepaid USD...
The People’s Own Savings Bank (POSB) has partnered with Mastercard to unveil new debit and prepaid cards. Okay, ‘what’s interesting about that?’ – you ask. Read on. Mastercard debit The more...
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USD transfers with ZIPIT are back, too bad we don’t have Nostro accounts
We have come full circle, my friends. Do you remember when we had USD in our bank accounts and were on course to be a cash-free society and then those USD were converted to some quasi-currency leading...
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Zimswitch Online, Everything you need to know about it
Zimswitch announced their new product, Zimswitch Online and it finally comes in as a more fuss-free way for making online payments with Zimswitch-enabled ZWL and USD cards. Recently Paynow, one of the...
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Zimswitch celebrates 30th anniversary with a brand refresh
As Zimswitch celebrates 30 years in business, let us let them tell us about their journey so far: Zimswitch, a company founded in 1994 has over the years registered exponential growth intransaction...
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