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National Financial Switch
The National Financial Switch (NFS) is a crucial component of the financial infrastructure in Zambia, facilitating seamless electronic transactions across various banks and financial institutions.
The switch went live on 23 September 2018 switching ATM transactions and eventually was upgraded to switch POS and E-money transactions by the year 2019.
The National Switch will also open up to integrate to regional payment systems within SADC, COMESA and beyond to support cross boarder systems. Currently the National Switch is processing all domestic card transactions on POS and ATM within Zambia with mobile switching scheduled to go live in quarter one of 2020