About
ZIPIT (Zimswitch Instant Payment Interchange Technology) is Zimbabwe's instant interbank transfer service, introduced in 2011 by Zimswitch, the national electronic funds switch set up by local banks in 1994 and designated by the Reserve Bank of Zimbabwe. It moves money in real time between more than 24 member banks, microfinance institutions and mobile-money operators such as OneMoney and Telecash. Users reach it through bank apps, USSD, ATMs and POS terminals, and ZIPIT Smart lets them pay merchants by code. Per-transaction and monthly limits apply; as of 2026 Zimswitch lists ZiG 8,000 and US$500 per transfer.
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