Status
Operating at scale
Data Exchange System Name
Unknown
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
No
Digital ID System Name
National identity
ID System link
Name (Payment)
Zimswitch Instant Payment Interchange Technology (ZIPIT),Regional TCIB for cross-border RTRPs,COMESA regional payment system
URL (Payment)
Region
Africa
# of participants
2023- 20
AML law
Unknown
Bank participation in network
Yes
Centralised fraud management system?
Unknown
Consumer protection law
Unknown
Governor
Central bank/ Financial regulator
Instant settlement system/ platform
No
Non-bank participation in network
Yes
Notes
ZIPIT is a private-association IPS - that is, governed by an associated made up of entirely private sector participants
Offline transactions
Unknown
Operator
Banking associationCentral bankCentral bank
QR-based transactions
No
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
Unknown
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Transaction cost
Unknown
Transaction types
P2P
P2B
P2G
G2P
B2B
B2PMerchant payments
Trade transactions
Value (Year-USD)
Unknown
Volume (Year- Volume)
Unknown