Zimswitch Instant Payment Interchange Technology (ZIPIT)
- Geographic Reach
Zimbabwe
- Gender disaggregated data
No
- Geographic Region
Southern Africa
- Coverage
Domestic
- Year Of Establishment
2011
- IPS
Cross-domain
- Interoperability Arrangement
Multilateral
- Governance Typology
Public Private Partnership (PPP)
- Ownership Model
Jointly owned
- System Owner
ZIMSWITCH
- Overseer
Reserve Bank of Zimbabwe (central bank)
- System Governance
ZIMSWITCH
- Operator
ZIMSWITCH
- Settlement Agent
ZIMSWITCH
- Number of Unique IPS End Users
-
- Total Number Of Participants
36
- Number Of Direct Participants: Commercial Banks
17
- Number Of Direct Participants: E-money Issuers
5
- Number of Direct Participants: MFIs
5
- Number of Direct Participants: Other
2
- Number of Direct Participants: Post Office
-
- Indirect Participants Type
TPPSP (2), Mobile Money wallets (5)
- Number Of Indirect Participants
7
- Supported Use Cases
P2P, P2B, P2G
- Supported Instruments
Credit EFT, Debit EFT, E-money, Card
- Primary Local Channel
USSD
- Supported Channels
USSD, Agent (e-money), App, Browser, QR Code, POS
- QR Code Enabled Type
Static
- Messaging Standard
ISO 8583
- Proxy ID
Mobile phone number, System released their own ID, Merchant ID, Other
- Other Proxy ID Type
Card number
- Business Model
-
- Pricing Structure
Switch fees, acquirer fees, issuer fees
- Scheme Rules Public
Yes
- Additional Recourse Requirements
Yes
- Dispute Resolution Mechanism
Yes
- API Functionality
Yes
- Startup Funding Source
-
- Participation in Decision Making
Yes
- Mechanism for Decision Making
Electronic payments association of Zimbabwe
- 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
Yes
- Transaction Validation Enabled
Yes
- Inclusivity Ranking
Progressed
