ZimSwitch

ZimSwitch  uses will feel the pinch in transaction charges as banks have announced an astronomical rise of up to 300%. Financial institutions agreed on an upward review of the fees to maintain ATM infrastructure, in a move analysts say could boost non-interest income for the sector, while hurting bank customers. The past two weeks have seen banks increasing service fees for withdrawals made through the ZimSwitch platform to US$4 from US$1, while Visa cardholders’ withdrawal…