FULL TEXT: Zimswitch Now The Designated National Payment Switch, All Mobile Money Payments To Go Through Zimswitch

The RBZ has released the following statement which states that Zimsitch is now the designated national payment switch and all mobile money payments will go through Zimswitch this according to Techzim makes  Ecocash and One money just wallets.

Read the full statement below:

In accordance with the provisions of the National Payment Systems Act [Chapter 24:23] and the Banking (Money Transmission, Mobile Banking and Mobile Money Interoperability) Regulations, Statutory Instrument 80 of 2020 (the Regulations), the Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that it has designated Zimswitch as a national payment switch with immediate effect.

All mobile money transmission providers and mobile banking providers are hereby directed to be connected to Zimswitch as provided for by section 4 of the Regulations. To ensure seamless integration, all money transmission providers and mobile money providers must complete the necessary Installation or deployment or commissioning of Infrastructure and connection protocols, credentials and documentation for connection to Zimswitch by no later than 15 August 2020.

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