National Financial Switch
- Geographic Reach
Zambia
- Gender
No
- Geographic Region
Southern Africa
- Coverage
Domestic
- Year Of Establishment
2019
- Ips Type
Cross-domain
- Interoperability Arrangement
Multilateral
- Governance Typology
Public Private Partnership (PPP)
- Ownership Model
Jointly owned
- System Owner
Bank of Zambia (central bank) and Commercial Banks
- Overseer
Bank of Zambia (central bank)
- System Governance
ZECHL
- Operator
ZECHL
- Settlement Agent
Bank of Zambia
- Number Of Unique Ips End Users
-
- Total Number Of Participants2025
34
- Number Of Direct Participants Commercial Banks
16
- Number Of Direct Participants EMoney Issuers
3
- Number Of Direct Participants MFIs
6
- Number Of Direct Participants Other
9
- Number Of Direct Participants Post Office
-
- Indirect Participants Type
-
- Number Of Indirect Participants
-
- Supported Use Cases
P2P, P2B , B2B, B2P
- Supported Instruments
Credit EFT, Debit EFT, E-money, Card
- Primary Local Channel
USSD
- Supported Channels
USSD, Agent (e-money), Agent (banking), App, Browser, POS, ATM
- Qr Code Enabled Type
-
- Messaging Standard
ISO 8583
- Proxy Id
Bank account number , Mobile phone number
- Other Proxy Id Type
-
- Business Model
Not-for-profit
- Pricing Structure
Standard fixed/flat fee
- Scheme Rules Public
Yes
- Additional Recourse Requirements
Yes
- Dispute Resolution Mechanism
Yes
- Api Use Function
No
- Startup Funding Source
Commercial Banks - $8.7M
- Participation In Decision Making
Yes
- Mechanism For Decision Making
Consultative Stakeholder Meetings
- Ability To Become Direct Participants
Yes
- Entities That Cannot Participate
-
- Min Value For Transactions
No min. value
- Corporate Structure
Private limited company
- Other Corporate Structure
-
- Pull Request To Pay Enabled
No
- Third Party Connections Enabled
No
- Real Time Payment Confirmation
No
- Transaction Validation Enabled
Yes
- Inclusivity Ranking
Progressed
