At the height of financial sector collapse, V-Suite was integrated at a national level under the umbrella brand “ZSS”. Focused on concepts promoting inter-operability and universal ecosystems, the V-Suite enabled inter-connectivity at a level never seen before in Africa. With banked individuals dropping form 3 million prior to US dollarization to under 300,000 shortly after, V-Suite has played an integral role in rebuilding confidence in the country’s financial sector and bringing the banked population back up to over 3 million individuals and growing rapidly.
ZSS V-suite Enabled Services
Connecting all three Mobile Network Operators (Econet, Telecel, NetOne) at a USSD, SMS and Airtime level. Now processing for 90% of the financial institutions in the country. Over 100 million transactions successfully completed since inception, and nearly one million active subscribers.
Now extended to incorporate Smartphone options – Apple and Android
Institutions: CABS, CBZ, POSB, Barclays, Standard Chartered, Metbank, Agribank, Interfin, Tetrad, Trust Bank, Ecobank, BancABC, NMB, FBC Bank, FBC Building Society
Processing Bill Payments for most of the major institutions across multiple delivery channels 300,000 successfully completed Bill Payments per month and growing
Launching the countries first eCommerce Payments Gateway for secure online payment processing
Branded Internet Banking portals for 5 different institutions.
Serving Sakunda, Zuva, Puma and Redan fuel card programmes
www.sakunda.com | www.zuvapetroleum.co.zw
Processing millions of SMS messages every month for most of the major institutions
A local solution offering complete hosting of Postilion infrastructures for: POSB, CBZ, Tetrad, Metbank, ZB Bank
Introducing an instant credit push technology to ZimSwitch, Zimbabwe’s national financial switch. Included interfacing with two of the three Mobile Wallets, OneWallet and Telecel TeleCash
Working with Institutions and Mobile Operators to offer “light” account functionality. 1 Million people signed up to date, with a further 2 million expected for 2016
Meikles Financial Services (MFS)
The Meikles Group of Zimbabwe, majority shareholder in TM Supermarkets, Pick n Pay and Meikles Mega Market, implemented the entire V-Suite through a cloud-service Postilion – a “Bank in a Box”! The result has been remarkable.
Effectively building the country’s first “Retail Bank”, MFS launched the “MyCash” product. Licensed as an ADLA and partnered with POSB, MyCash is all of the Africa-centric services from a traditional bank combined with the convenience and “light weight” nature of Mobile Wallet accounts. The first MyCash Kiosk was launched in August 2015. By January 2016 MFS was already generating over US$11 million worth of monthly turn over.
The MyCash card launched at the end of February 2016 and is expected to sign up over one million customers before the end of the year.
www.mycash.co.zw | www.picknpay.co.zw