COMESA Centre, Ben Bella Road,

Lusaka Zambia
+260 211 234 354

+260 211 234 358


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NATIONAL FINANCIAL SWITCH
The NFS has been deployed as the key infrastructure aggregating domestic ATMs, POS and Mobile transactions from local commercial banks, money lenders & MM operators
ZAMBIA ELECTONIC CLEARING HOUSE LTD
ZECHL is Joint owned by Bank Of Zambia and Commercial Banks and is run by the board of directors
CLEARING THE WAY FOR FINANCIAL INCLUSION
Faster local money transfers, affordable transaction fees, and wider range of platforms for electronic payments for goods and services e.g. Cable TV, shopping, electricity units, school fees,
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Efficient

Switching of ATM, POS and Emoney tansactions and RealTime clearing of interbank payments within 25 seconds

 

Reliable

The most convenient and reliable way to participate in the National Financial Switch   

Secure & Cost effective Inter-banking

Our electronic funds transfer (EFT) service is at the core of bank interoperability in Zambia. It allows for the fast and reliable processing of salaries, debit orders and inter-account payments for tens of millions of people every day, within safely controlled and regulated systems.

Services

What We do

National Financial Switch

A National Switch is a payment gateway that facilitates efficient payment processing and interoperability between the service offering of commercial banks, non-bank financial organizations and various other payment institutions within Zambia. The switch went live on 23 September 2018 switching ATM transactions and about a year later, 30 September 2019 went live on POS switching.

Cheque Clearing

 Cheque Truncation is the process of clearing cheques using images as opposed to using physical cheques. The physical cheque will be presented by the payee to their bank after which an electronic image of the physical cheque will be captured and sent to the drawer’s bank through the Zambia Electronic Clearing House. The drawer’s bank uses the cheque image and data to clear the cheque as opposed to the physical cheque.

Electronic Funds Transfer

ZECHL facilitates the movement of funds from one bank to another through the Cheque Truncation System (CTS) with improved efficiency and security.

OUR PARTNERS

Zambia Electronic Clearing House Limited

Electronic Funds Transfer, Cheque Image Clearing, National Financial Switch

Powered by Integrity, Conference, Care, Accountability, Respect & Excellence!!!

Frequently Asked Questions

A National Switch is a payment gateway that facilitates efficient payment processing and interoperability between the service offering of commercial banks, non-bank financial organizations and various other payment institutions within Zambia. 

The switch went live on 23 September 2018 switching ATM transactions and about a year later, 30 September 2019 went live on POS switching.

  1. Reduce infrastructure acquisition and transaction costs through shared centralized infrastructure among financial institutions and customers in Zambia;
  2. Provide/Promote a multifaceted inter-bank switching platform for all delivery channels that will easily be interoperable with other payment and settlement systems;
  3. Promote the development of e-products and delivery channels that would extend the coverage of financial services in Zambia;
  4. To reduce the usage of cash and paper based financial instruments in Zambia through the introduction of secure and reliable electronic payment methods.
  5. Promote real-time payment of transactions through Straight Through Processing in order to enhance efficiency.
  1. National Financial Switch
  2. Electronic Funds Transfer
  3. Cheque Truncation System
  4. Centralized Debit Mandates
  5. Net Settlement Reporting
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