ZIMBABWE'S national electronic funds switch, Zimswitch, release a public statement saying the ZimSwitch Instant Payment Interchange Technology (ZIPIT), a payment solution that enables financial transactions using mobile banking platforms is fully operational and readily facilitating instant funds transfer across all channels 24/7.
Said Zimswitch, "Zimswitch would like to advise its valued customers that the ZIPIT Platform is fully operational and readily facilitating instant funds transfer across all channels 24/7.
"Should you have any challenges or require further information contact our Corporate Services Division"
It is not clear why Zimswitch was forced to release the statement.
ZIPIT is a product developed to enable instant inter-bank funds transfers between Zimswitch member institutions. It is designed to focus on real-time small transfer amounts with low transfer costs.