Zimbabwe

ZimSwitch Announces ZIPIT Limit Review

Zimswitch Announces Zipit Limit Review

Zimswitch Announces Zipit Limit Review

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 • [email protected]

Pindula News

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