Paynet Down Due Foreign Currency Crisis

Paynet is currently down due to foreign currency constraints. A message posted on their website reads as follows:

   SERVICE IS UNAVAILABLE
The Paynet platform is temporarily inaccessible due to non-payment of external licensing fees to our service provider. We are currently working with the RBZ to resolve this situation as soon as possible and look forward to being able to restore service. Check back on this page or our social media for further updates.

According to Garikai Dzvoma of the information technology and business publication, TechZim:

Paynet is the electronic payments processing system offered to the market through Financial Institutions.

With Paynet, you can pay your creditors, salaries, ZIMRA, NSSA, collect revenue and make use of e-schedules, for a simplified data exchange and reconciliation with your service providers.

All this can be done online wherever you are. All local banks are connected. Connect to Paynet now and enjoy great efficiency and low cost.

More: TechZim

RBZ

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About RBZ

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