ZimSwitch, the only National Electronic Funds Switch and clearing house for Zimbabwe (designated by the Reserve Bank of Zimbabwe) has announced a ZIPIT limit review. In a notice to customers seen by Pindula News, Zimswitch said the review is with effect from the 1st of August 2022. Reads the notice:
ZIPIT LIMIT REVIEW
Dear Valued Customer,
Please be advised that the ZIPIT person-to-person transaction limit has been reviewed from ZWL$25,000 to ZWL$100,000 with a monthly limit of ZWL$400,000 effective 1 August 2022. In other words, an individual may now opt to send up to ZWL$100,000 per single transaction but ultimately be governed by the maximum limit of ZWL $400,000 per month.
The ZIPIT functionality is available on the following options:-
1. ZIPIT from any Bank to all Mobile wallets; Ecocash, OneMoney, Telecash and MyCash
2. ZIPIT from all mobile wallets to all banks.
3. ZIPIT across all banks.
4. ZIPIT across all wallets
CONTACT US:
+263 242 746 620 I +263 242 776 742 • info@zirnswitch.co.zw
It’s a sign that the Zim currency is fast losing value against other currencies!! Brace for a $500 or $1000 bond note very very soon!!