Current Members of the Zipp Interchang Network
United Kingdom
Commonwealth Finance Solutions Ltd (CFS)
www.commonwealthfs.com
CFS is a commercial enterprise with socio-economic objectives in Financial Inclusion CFS is endorsed and supported by the Commonwealth Business Council, a Charter of the 53 countries of the Commonwealth. Its target audience include migrants remitting money back home and also B2B payments in the SME sector.
CFS UK issues pre-paid debit cards and also offers global online multi-currency e-money accounts to facilitate money transfer, currency exchange and trade settlements.
Cuber International Ltd
www.cuberfx.com
Cuber is essentially a Payment Gateway and an e-commerce portal for merchants from developing countries who wish to showcase and market their products to a global audience. Cuber offers both online virtual cards and multi-currency accounts powered by Zipp.
Cuber is also an acquirer of Zipp transactions and has a vast array of merchants as an acquirer.
Uganda, Africa
Commonwealth Finance Solutions Uganda Ltd (CFSUG)
www.commonwealthfs.com/ug
CFS UG is licensed by the Central bank of Uganda to offer a money remittance service and issue of cards in partnership with Stanbic Bank as the client funds holder and manager.
CFS UG is a member for the Zipp Interchange as an Issuer and Acquirer of Zipp Cards. Currently, CFS UG issues pre-paid cards under the brand of Commonwealth Card in Uganda.
Rwanda, Africa
www.bk.rw
BK is the largest bank in Rwanda and is substantially owned by the Government of Rwanda.
BK is a member for the Zipp Interchange as an Issuer of Zipp Cards. Currently, BK issues pre-paid cards under the brand of Bank of Kigali in Rwanda.
BK has 20 branches and a vast network of merchants as an acquirer.
Vision Statement
Zipp is designed as a low-cost global interchange for the development of a new paradigm in banking, harnessing the energy, the ideas and the talents of the financial and technology sectors, to deliver better value and achieve real change to transform the lives of even the most disadvantaged people.
Mission Statement
To make Zipp the inclusive and preferred interchange network globally for low-cost migrant remittances, micro-finance, micro-savings and currency exchange.