BUSINESS NEWS

Zimswitch introduces new payment system

ZIMSWITCH Technologies, a company that provides interoperability for local financial payment systems, has introduced "Zeepay", a new electronic payment product that enables users to send money to mult...

By Staff reporter | Published: 09 May 2018
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FINANCIAL SERVICES

Zimswitch eyes new platform for bulk payments

ZIMSWITCH is in final stages to introduce an electronic transacting system for bulk payments to relieve pressure on the Real Time Gross Settlement (RTGS) system.Zimswitch deputy general manager Zabron...

By Staff reporter | Published: 08 May 2018
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FINANCIAL SERVICES

Zimswitch to launch payment system

Zimswitch says it plans to launch two payment streams simultaneously with other Sadc countries that are expcted to complete their trial runs on a cross-border payment system by July next year .The com...

By Staff reporter | Published: 20 October 2017
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TELECOMS & TECHNOLOGY

ZimSwitch buckles under pressure

ZIMBABWE'S national electronic funds switch, Zimswitch, this week froze after panic buying over the weekend overwhelmed the system, triggering chaos as shoppers failed to transact in an economy now pr...

By Staff reporter | Published: 28 September 2017
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BUSINESS NEWS

ZimSwitch in huge transactions surge

NATIONAL electronic funds switch, ZimSwitch, recorded a 1 600 percent surge in digital transaction volumes during the first half of the year, from an average of 900 000 per month to over 16 million t...

By Staff reporter | Published: 24 August 2017
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FINANCIAL SERVICES

ZimSwitch connecting local banks to the region

ZIMSWITCH is at an advanced stage of linking local banks to their regional counterparts in a move that will facilitate the flow of cross-border transactions between Zimbabwe and other countries in the...

By Staff reporter | Published: 24 June 2014
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TELECOMS & TECHNOLOGY

Telecel partners ZimSwitch in mobile money service

Just over 20 banking institutions currently on the ZimSwitch platform have partnered Zimbabwe's second largest mobile phone operator, Telecel, in launching a mobile money service as Zimbabwe pushes fo...

By Staff reporter | Published: 29 January 2014
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FINANCIAL SERVICES

Steward Bank's ZimSwitch application hits a snag

THE ugly fight between banks and Econet Zimbabwe, the country's largest telecoms company, has sucked in its subsidiary Steward Bank, amid revelations other banks have refused the bank entry onto the p...

By Staff reporter | Published: 19 December 2013
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FINANCIAL SERVICES

Trust Bank pulls out of ZimSwitch

Trust Bank lurched into crisis this week after it failed to produce full-year results to December 31 2012 before the deadline. The ZSE and the Securities Commission said this week letters had been ...

By Staff reporter | Published: 10 June 2013
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