COMESA Centre, Ben Bella Road, Lusaka Zambia

+260 211 234 354 / 234 358 Mon-Fri, 9am until 6pm

National Financial Switch (NFS)

Management of the National Financial Switch (NFS) - a key financial sector infrastructure aggregating domestic Automated Teller Machines (ATMs), Point-of-Sale (POS) machines and Electronic Money transactions from local commercial banks and financial institutions in real time. The financial institutions include payment system providers and mobile network operators (MNOs)...read more

Electronic Fund Transfers (EFT)

Facilitation of movement of funds from one account of a participant to another with improved efficiency and security in a batched system. ZECHL processes debit and credit funds transfers collectively referred to as Direct Debit and Credit Clearing (DDACC)...read more

Cheque Truncation System (CTS)

Cheque Clearing operability. A critical process used for clearing cheques using images as opposed to using physical cheques known as Cheque Image Clearing (CIC). The CTS has shortened and standardized the clearing period across the country to one clearing day and thus facilitates early access to funds by customers...read more

NET SETTLEMENT REPORT (NSR)

Net Settlement Positions and report generation for its clients. This process is done after payment instructions for DDACC, CIC, ATM, POS and E-Money are netted. ZECHL is also responsible for notifying the Bank of Zambia of the Net Settlement Positions of participating commercial banks and financial institutions at designated settlement times...read more 

Brief Background

The Zambia Electronic Clearing House Limited (ZECHL), is a non-profit making entity registered under the Companies Act No 10 of 2017. It is a private company limited by Shares. It was formed in 1999 and the current Shareholders are the Bank of Zambia and 18 Commercial Banks. The Company was formed for the purpose of providing interbank clearing and switching services to Bank of Zambia, Commercial Banks and Financial Institutions. The ZECHL operates the National Financial Switch (NFS) and the Cheque Truncation System (CTS), which are common/shared payment gateways that facilitate efficient and secure payment processing and interconnectivity between multi-payment institutions within the country...read more

OUR VISION

The centre of excellence and innovation of payment services

OUR MSSION

To provide an efficient, reliable, and value-driven payments system to the Zambian market

Why Choose Us

RELIABLE

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

SECURE & COST EFFECTIVE

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

INOVATIVE AND EXECELLENT

Continuous improvement and all round top performance

TRUST WORTHY AND INCLUSIVE

Consistently good and reliable, carrying everyone and everything on board

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Transactions Switched
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Integrated Clients
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Endless Support

Our Integrated Clients

ZAMBIA ELECTRONIC CLEARING HOUSE

NATIONAL FINANCIAL SWITCH, ELECTRONIC FUND TRANFERS AND CHEQUE CLEARING

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