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Zimbabwe
Scheme name: Zimswitch Instant Payment Interchange Technology (ZIPIT)
IIPS Type: Cross-domain
Instruments: Credit EFT , E-money , Card
Channels: Apps , POS , USSD , ATM , Branch , Agent
Use cases: Transfers & remittances (P2P) , Merchant payments (P2B) , Fees & taxes (P2G) , Social disbursements (G2P) , Business purchases (B2B) , Salaries & wages (B2P)
Inclusivity level: Basic
Year of establishment: 2013
System owner: Zimswitch
Overseer: Reserve Bank of Zimbabwe
Operator: ZimSwitch
Total Participants: 20
Volumes 2021: N/A
Values 2021: N/A
Back to mapCategory | Zimswitch Instant Payment Interchange Technology (ZIPIT) |
---|---|
Geographic reach | Domestic |
Geographic description | Zimbabwe |
Scheme governance | ZimSwitch |
Settlement agent | Reserve Bank of Zimbabwe |
Participants - commercial banks | 13 |
Participants - MMOs | 3 |
Participants - non-bank PSPs | N/A |
Participants - MFIs | 4 |
Volumes 2018 | N/A |
Volumes 2019 | N/A |
Volumes 2020 | N/A |
Volumes 2021 | N/A |
Values 2018 | N/A |
Values 2019 | N/A |
Values 2020 | N/A |
Values 2021 | N/A | Governance Typology | Private association | Messaging standard | ISO 8583 |
Types of proxy IDs | N/A |
Use of open APIs | No |
QR code standard | No |
Pro-poor governance | Yes |