Question 1

What is ZimX Finance?

Accepted Answer

ZimX Finance is a UK-registered fintech company building cross-border payment infrastructure between the UK and Zimbabwe. It offers business payments, the ZiGX digital settlement asset, and compliance-first solutions for the UK-Zimbabwe corridor.

Question 2

What is ZiGX?

Accepted Answer

ZiGX is a reserve-backed digital settlement instrument developed by ZimX Finance, designed to reduce friction and cost in UK-Zimbabwe cross-border transactions. Designed to be backed at least 1:1 by eligible reserve assets at launch, subject to custody finalisation and regulatory readiness. No reserves have been established and no ZiGX tokens have been issued at the date of this publication.

Question 3

What is IMTT and how does it affect Zimbabwe payments?

Accepted Answer

IMTT (Intermediated Money Transfer Tax) is a tax levied by Zimbabwe on electronic money transfers. Under the Finance Act 2025, IMTT paid is now deductible for corporate taxpayers, which changes the cost structure for cross-border business payments.

Question 4

Is ZimX Finance regulated?

Accepted Answer

ZimX Finance is pursuing direct FCA regulation in the UK and is in active dialogue with the Reserve Bank of Zimbabwe through the Fintech Sandbox programme. Blackmass Enterprises Ltd is registered in England and Wales.

Question 5

What is the Zimbabwe Finance Act VASP framework?

Accepted Answer

The Zimbabwe Finance Act 2025 introduced a regulatory framework for Virtual Asset Service Providers (VASPs), establishing rules for digital asset businesses operating in Zimbabwe. ZimX Finance is building its compliance infrastructure to align with this framework alongside its FCA regulatory pathway in the UK.

Question 6

How does ZimX align with Zimbabwe's National AI Strategy?

Accepted Answer

Zimbabwe's 2026–2030 National AI Strategy prioritises AI-driven financial inclusion. ZiRA, the Zimbabwe Intelligent Resource Assistant, directly supports this agenda by providing AI-powered remittance comparisons, financial education, and cultural knowledge in English, Shona, and Ndebele.

Question 7

What is ZiGX backed by?

Accepted Answer

Designed to be backed at least 1:1 by eligible reserve assets at launch, subject to custody finalisation and regulatory readiness. No reserves have been established and no ZiGX tokens have been issued at the date of this publication. Custody evaluation is in progress with regulated institutional providers. No arrangements have been finalised. Without custody, there is no ZiGX.

Question 8

How much does it cost to send money to Zimbabwe?

Accepted Answer

The average cost to send remittances to Zimbabwe is approximately 6.9% (World Bank, Q3 2025), with some providers charging up to 13.87%. ZimX Finance is building infrastructure targeting fees below 3%, aligned with the UN Sustainable Development Goal for remittance costs.

Development roadmap.

Regulatory Timeline

Core Foundations

Payments & Infrastructure

Settlement & Growth

Expansion