The Reserve Bank of Zimbabwe (RBZ) is in advanced talks to adopt India’s Unified Payments Interface, aiming to introduce a single QR code for all payments. This move is expected to streamline transactions and boost digital financial inclusion across the country. The initiative reflects a broader push towards modernizing Zimbabwe’s financial infrastructure, promising greater efficiency and accessibility for citizens and businesses alike.
Key Players Involved
- Reserve Bank of Zimbabwe (RBZ): Leading the initiative to implement a unified QR code payment system.
- Government of India: The India-backed platform (Unified Payments Interface) is being considered as the model for adoption.
Event Timeline
- October 28, 2026: News breaks regarding the RBZ’s advanced plans to introduce the single QR code payment system.
