ZIPIT names new limits
Mako Jerera
Zimswitch have announced new limits for person-to-person transactions with effect from today.
ZIPIT is a platform that enables instant inter-bank funds transfers between ZIMSWITCH member institutions (Banks and Wallets) connected to the ZIMSWITCH network.
The new limit is now ZW$150 000 per transaction up from ZW$100 000 with the monthly limit now set at ZW$600 000.
Zimswitch issued out a Statement announcing these changes.
“Please be advised that the ZIPIT person-to-person transaction limit has been reviewed from ZWL$100,000 to ZWL$150,000 with a new monthly limit of ZWL$600,000 effective 10 October 2022.
“In other words, an individual may now opt to send up to ZWL$150,000 per single transaction, but ultimately being governed by the new maximum limit of ZWL$600,000 per month.”
The ZIPIT functionality is available on the following options: –
• ZIPIT from any bank to all mobile wallets; Ecocash, One money, Telecash & MyCash
• ZIPIT from all mobile wallets to all banks
• ZIPIT across all banks
• ZIPIT across all wallets
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