ZimSwitch, a payments technology company in Zimbabwe, has announced a review of ZIPIT Limits from the weekly set thresholds to monthly limits, effective 21 June 2022. In a statement seen by Pindula News, ZimSwitch said:
ZIPIT LIMIT REVIEW
Dear Valued Customer, Zimswitch is pleased to advise that ZIPIT Limits have been reviewed from the weekly set thresholds to monthly limits, effective 21 June 2022. In light of the above, the following limits will now prevail under our channel-
• ZIPIT Person-to-person transaction limit remains at ZWL25,000 per transaction.
• Person-to-person weekly limit of ZWL$100,000 has been removed, and a new monthly limit is set at ZWL$400,000.
•In other words, an individual may opt to utilise his / her monthly limit in one or more days, but ultimately being governed by the maximum limit of ZWL$400,000.00 per month for P2P transactions.