Select Countries and Regions

Zimbabwe

Zimswitch Instant Payment Interchange Technology (ZIPIT)

Scheme name: Zimswitch Instant Payment Interchange Technology (ZIPIT)

IIPS Type: Cross-domain

Inclusivity level: Basic

Year of establishment: 2011

System owner: Zimswitch

Overseer: Reserve Bank of Zimbabwe

Operator: Zimswitch

Total Participants: 27

Back to map
CategoryZimswitch Instant Payment Interchange Technology (ZIPIT)
Geographic reachDomestic
Geographic descriptionZimbabwe
Scheme governanceZimswitch
Settlement agentReserve Bank of Zimbabwe
Participants - commercial banks17
Participants - MMOs4
Participants - non-bank PSPs1
Participants - MFIs5
Volumes 2018-
Volumes 2019-
Volumes 20209,958,284
Volumes 202122,565,638
Values 2018- USD
Values 2019- USD
Values 202077,378,063 USD
Values 2021238,689,367 USD
Values 2022828,510,618 USD
GNI27,672,250,575
GNI (%)3%
Interoperability arrangementThird party
Ownership modelParticipant-owned
Governance TypologyPrivate association
Messaging standardISO 8583
Types of proxy IDsNo
Use of open APIsYes
QR code standard N/A
Pro-poor governanceNo
CB governance involvementNo
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseNo
Not-for-lossNo

African IPS Map

Selected Country
Live IPS
IPS in development
No data
Select region to view data