ZIMBABWE Post (Zimpost) has extended its money transfer service, Zipcash, to Botswana and would take the service to South Africa to bring convenience to Zimbabweans with relatives working in those countries.
The services began operating last month and Zipcash customers can now send or receive money to and from Botswana.
Zimpost said yesterday that plans to extend the same service to South Africa were at an advanced stage after concluding the testing of the service. Zimpost launched Zipcash in December 2013 and the system allows customers to securely send or receive money locally and internationally through the postal network.
Zipcash is a money transfer service that sits on an electronic platform, International Financial System developed by the Universal Postal Union.
According to Zimpost, Zipcash has capacity to connect to over 600 000 post offices worldwide subject to bilateral arrangements between countries. The platform allows instant money transfer even for those without a bank account.
“Zipcash is a low-cost way of sending and receiving money with a once-off payment at point of sending with the receiver not paying anything,” Zimpost said.
Zimpost said the domestic Zipcash money transfer service enables customers to send or receive money throughout Zimbabwe with a network of 227 outlets, nationwide.