ZB Bank Partners ZymPay on Digital Payment Platform

ZB Financial Holdings has partnered ZymPay to offer schools, universities and colleges a secure digital payment solution that ensures that fees are paid on time, directly into the ZB account with all reference details available.

Addressing the media in the capital today, ZB Financial Holdings Group Chief Executive Officer, Ron Mutandagayi said the solution gives peace of mind to the sender as it eliminates the middle man while affording the sender further value through the 7% incentive from the RBZ.

“This partnership will offer our schools, universities and colleges a secure digital payment solution that ensures that fees are paid on time, directly into the ZB account with all reference details available.

“The solution as I have noted before offers peace of mind to the sender as it eliminates the middle man in the process and affords the sender further value through the 7% incentive from the RBZ,” said Mutandagayi.

ZymPay Chairman and Chief Executive Officer, Dakshesh Patel said, “Education in Zimbabwe is respected and hailed as a cornerstone enabler for young people. However, equitable access to it has gone from a basic expectation to a key struggle for families across the country.

“Children being sent home from school for non-payment or late payment of fees is an all too frequent reality experienced by too many children, since both government as well as private schools require fee payment.”

“Schools form a large part of ZB Bank’s client portfolio, with 70% choosing to bank with them. Cognizant of fee payment challenges faced by individual customers, and the implications on families and schools, ZB Bank has responded with this partnership which offers benefits on 2 levels.

“Firstly, individual clients (local and in the diaspora) a way to pay fees directly to schools via the simple, cost effective, convenient (via mobile devices) and contemporary ZymPay portal,” added Patel.

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