eSwitch

eSwitch Zambia, is a joint venture between LXS and Finsbury - with 50% shareholding each. eSwitch provides its member banks with switching services. The switch provides a solution using the Postilion EFT platform; associated hardware & software and ancillary systems. eSwitch will facilitate a paradigm shift in the financial services delivery platform in Zambia, where historically only the larger multinational banks have their own proprietary networks in place. The development and improvement of the delivery of financial services to the nation as wished for by The Bank of Zambia relies on eSwitch to provide the solutions. 

·         The official Launch of Zamlink/eSwitch went live in October 2005.

·         eSwitch currently provides ATM channel for Finance Bank, Investrust, First Alliance Bank and Intermarket Bank.

·         eSwitch continues to negotiate with other local potential customers with respect to ATM networking and switch utilisation.

 

Products and Services

eSwitch product and services is also focused on switching services.  Presently eSwitch only supports the ATM channel. As eSwitch makes use of Postilion software, the software and the switches architecture can accommodate numerous additional channels in the future. eSwitch currently administrates 123 ATM's for its member banks.