ZimSwitch

Zimswitch is the National Electronic Funds Switch for ATM’s and POS of Zimbabwe that serves not only the financial institutions who are its members and users but also provides an essential service to their customers; the Zimbabwean public. Zimswitch is also the oldest and most successful national switch in Africa outside of South Africa.

·         Zimswitch was formed upon the signing of a partnership agreement of 8 local financial institutions dated 7 March 1994, to facilitate the shared use of automated teller machines (ATM’s) and point of sale (POS) facilities throughout Zimbabwe.

·         On the 31 March 2001 Zimswitch converted to a private company, incorporated in Zimbabwe. A newly formed company, Zveringa Systems (Private) Limited, was purchased for this purpose. This conversion to a company was undertaken both to enable faster decision making and to allow for the introduction of a business partner.

·         In February 2002, after an extensive evaluation, the partners awarded the business to Fintech - the technology arm of the Loita group at the time, represented in Zimbabwe by the Loita Company, EFTCorp. The In 2002 the replacement of the existing proprietary technology with the new version of an EFT solutions platform called Postilion was undertaken. This platform enables growth and development of the business as required to meet the new challenges. EFT Corp also provides the necessary consultancy, services and ongoing support to Zimswitch in respect of the EFT software.  Zimswitch is 100% operated by LXS and majority owned.

Products and Services

Zimswitch's products and services are focused on switching services whilst supporting both ATM and POS channels.  The Postilion architecture used currently has good potential for further development.

MANAGEMENT

Jan Hendrik Brits joined Zimswitch in January 2005, as its General Manager, a position he holds to date. As General Manager he is responsible for the day-to-day operations of the company. Henry’s career started as a bank clerk and ended up as General Manger of the Bank, namely MBCA Limited. Henry’s knowledge of banking and related operations is extensive. Henry has acted on various boards for subsidiary companies as well as sat on numerous committees during his posting as General Manager of MBCA. Henry was tasked with the set-up and implementation of numerous departments within the bank. Henry remains a valuable asset to Zimswitch whilst using his experience, track record and achievements within the banking sector. His network and relationships with member and non-member banks, the central bank, etc. is longstanding and stable and has resulted in positive business relationships, opportunities and communication for Zimswitch.