Electronic Funds Transfer (EFT)
Efficient. Secure. Reliable.
Facilitating seamless electronic fund transfers between financial institutions with improved efficiency and security.
Enhancing Digital Transactions in Zambia
The Electronic Funds Transfer (EFT) system, operated by ZECHL (Zambia Electronic Clearing House Limited), enables the secure and efficient movement of funds between accounts. EFT transactions are processed in batches through the Direct Debit and Credit Clearing (DDACC) system, allowing businesses and individuals to send and receive payments conveniently.
Why Choose EFT?
- Secure Transactions – Adheres to strict security and compliance standards.
- Cost-Effective – Reduces reliance on cash-based transactions.
- Efficient Processing – Ensures timely settlement of payments.
- Convenient for Businesses & Individuals – Supports salary payments, bill payments, and direct debits.
- Nationwide Reach – Connects all major financial institutions for seamless transactions.
Overview of EFT Impact
Transforming Zambia’s financial landscape with fast and secure transactions.
Transaction Success Rate
Reduction in Processing Time
Cost Savings for Businesses
Adoption Among Financial Institutions
Still Have Questions?
Learn more about how Electronic Funds Transfer can streamline your financial transactions.
Enjoy the Power of Online Payments
Financial institutions, businesses, and service providers interested in integrating with our systems can contact ZECHL for more details on onboarding and other requirements.