National Financial Switch
What Is It?
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.
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
Efficient, Reliable, Secure & Cost Effective Inter-Banking
In the long run, the NFS shall provide the benefits as highlighted below:
Other services (Click Images)
Zambia Electronic Clearing House Limited
Electronic Funds Transfer, Cheque Image Clearing, National Financial Switch
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