ZB Bank Unveils Digital Payment Suite in Strategic Mastercard Partnership

Leading financial institution ZB Bank has announced a historic partnership with Mastercard, unveiling five new digital products aimed at transforming the payment landscape in Zimbabwe and driving financial inclusion.

Speaking at the launch in Harare, ZB Bank Cluster Banking CEO, Elisha Chibvuri said the move responds to rising customer demand for digital convenience.

“Banking is now all about ecosystems. We are offering solutions for everyone from students and SMEs to cross-border traders and executives — allowing customers to pay online, via QR codes, or contactlessly,” Chibvuri said

The five-product suite includes both debit and credit Mastercard options, a three-currency prepaid card (starting with the USD, ZAR, and ZWG), and an international acquiring service enabling tourists and foreign customers to transact via ZB-owned POS machines.

ZB Executive Head of Digital Banking, Hope Marere described the offering as “a game-changer,” highlighting the bank’s status as the first in Zimbabwe to launch a corporate credit card.

“If you manage a fleet of truck drivers or corporate travellers, you can now monitor expenses centrally through this product,” she said.

Jabu Bassopo, the Country Manager for Visa Southern Africa praised the launch as a crucial step in accelerating Zimbabwe’s digital economy.

“Customers today want speed, simplicity, safety, and security. With these new products, we are breaking down borders in trade and payments, creating a seamless global experience.” Bassopo said

Bassopo highlighted the need to address Africa’s digital penetration gap which remains below 6% in many markets.

“Going digital isn’t just about convenience it’s about reducing costs, increasing transparency, and expanding financial access,” he added.

ZB’s partnership with Mastercard also introduces an e-commerce gateway, giving local businesses access to global markets.

“This launch isn’t just a one-time event it’s the beginning of a long-term digital transformation journey,” Bassopo said.