Paynet users to pay fees in USDs

By Staff reporter | 02 Jun 2019 at 18:15hrs
Paynet
FINANCIAL institutions and other users on the Paynet platform are now required to pay their fees in United States dollars (USDs), Paynet revealed in a notice.

Paynet is the electronic payments processing system offered to the market through financial institutions.  It is an outsourced payments transfer platform that offers clients an easy, secure and cost-effective method of sending payments instructions to their respective banks.

On April 24, Paynet Zimbabwe informed all financial institutions on its platform that the technology owner will directly invoice the contracted USD fees.

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