🇿🇼Zimbabwe
Payment trends and fintech news from Zimbabwe
Esca Finance Partners with MANSA for Same-Day African Payment Settlements
Esca Finance has partnered with MANSA to enable same-day payment settlements across key African corridors, utilizing stablecoin-backed infrastructure. This collaboration aims to enhance liquidity and accelerate cross-border transactions for businesses, reducing the need to pre-fund accounts in multiple markets.
Paymentology Teams with Chikwama Pay to Launch WhatsApp-Based Neo-Bank in Africa
Paymentology has partnered with Zimbabwean fintech Chikwama Pay to launch a neo-bank accessible via WhatsApp, offering card-linked digital wallets. The service aims to boost financial inclusion by leveraging the messaging app's widespread use, as other infrastructure providers like Scale also work to simplify card issuance for businesses across Africa.
RBZ Mandates ZiG Payments for Government Suppliers
The Reserve Bank of Zimbabwe has directed all government suppliers to accept payments only in the ZiG currency, aiming to bolster its use and reduce dollarization. The policy targets state procurement to create foundational demand for the new currency, which is backed by foreign currencies and gold.
Chikwama Pay launches WhatsApp-based banking across Southern Africa
Chikwama Pay has launched a borderless neobank operating via WhatsApp across the Southern African Development Community. The service, enabled by a partnership with Paymentology, allows users to open accounts and make payments, entering a market shaped by recent regional payments agreements and growing platform-based finance.
POSB, Mastercard Launch Cross-Border Money Transfer Service in Zimbabwe
POSB and Mastercard have launched an international money transfer service enabling Zimbabweans to send money to over 100 countries. The February 2026 launch expands POSB's digital banking capabilities while advancing Zimbabwe's financial inclusion agenda.