InnBucks Now Linking 23 Banks Via ZIPIT

By Ross Moyo

Zimbabwe’s leading money transfer and loan giving company, InnBucks MicroBank Limited, has now gone a notch up connecting to 23 banks via the banking platform named ZIPIT. Innbucks is a deposit taking microfinance bank, registered and regulated by the Reserve Bank of Zimbabwe in terms of the Microfinance Act 24:30.

Innbucks MicroBank Ltd is not only a registered Deposit Taking Microfinance Bank, but also a member of the Deposit Protection Scheme whose well known monicker states, ”Trusted innovation anytime anywhere.”

Innbucks made the revelation about their connection with Zimbabwean banks when they responded to a twitter by one of their clients named Shaun Sparkle SP Wholesaler, via their Innbucks facebook app.

Innbucks shared the twitt by Shaun Sparkle SP Wholesaler edited with their own additions saying, ”Vaudze hako Shaun Sparkle SP Wholesaler. Manga mazviona here kuti innBucks YakuZipper? InnBucks now links to 23 banks for easy-peasy Bank-to-Wallet transfers via ZIPIT. And that’s not all – Wallet to Bank is now a reality at all banks! Unozodei guys?”

Innbucks offers banking and financial services to individuals and the public.It was formed as registered corporate after acquiring and renaming of Ndoro Micro-finance in 2022 and is owned by a publicly traded company called Simbisa Brands which is part of Innscor Africa network of companies.Its primary purpose is providing remittances transfer services to the general public.

InnBucks was formulated as a loyalty program by Simbisa Brands, and later on expanded into remittances platform before it was banned by Reserve Bank of Zimbabwe. It came back some time later as a licensed product after Simbisa Brands acquired Ndoro micro-finance and renamed it, to InnBucks MicroBank Limit.