ZIPIT Transfer

ZIPIT Send & Receive

Enjoy real convenience, send and receive funds instantaneously using ZIPIT.

What is ZIPIT?

ZIPIT (ZIMSWITCH Instant Payment Interchange Technology) is a platform that enables instant inter-bank funds transfers between ZIMSWITCH member institutions (Banks and Wallets) connected to the ZIMSWITCH network. ZIPIT is designed to run in parallel with traditional RTGS focusing on real time smaller transfer amounts with lower transfer costs.

Sending - This is when a participant initiates a transaction and wishes to send funds to another member institution.
Receiving - This is when a participant receives funds that have been sent from another member institution.

ZIPIT transactions are made available through the following initiating channels:

  • Mobile - via USSD
  • POS - Any Point of Sale device running suitable ZIPIT application.
  • ATM - where necessary software is installed.

The Following Options are Available:

  • ZIPIT to Bank - Transfer from a bank account to another bank account.
  • ZIPIT Bank to Wallet - From bank account to any Ecocash, OneMoney and Telecash wallet.

Benefits:

  • Online, real time, affordable.
  • There is no minimum limit- you can send any amount.


N.B. Each Bank’s terms and conditions apply.

At Crown Bank we currently offer ZIPIT through our Mobile Banking USSD platform (*220#)

Sending is simple

  • Dial *220#
  • Select Banking services.
  • Enter your secret 4-digit PIN
  • Select transactional currency
  • Select option 2 for transfers
  • Select option 2 for ZIPIT to bank
  • Choose the recipient’s bank
  • Enter recipients account details
  • Check if all details are correct
  • Press 1 to confirm

Terms and Conditions apply.