InnBucks MicroBank Limited is a deposit taking micro-finance registered and regulated in terms of Zimbabwean law. It offers banking and financial services to individuals and public.[1] It was formed as registered corporate after acquiring and renaming of Ndoro Micro-finance in 2022.[2][3][4]
InnBucks MicroBank Limited is owned by a publicly traded company called Simbisa Brands and is part of Innscor Africa network of companies.[5][6]
InnBucks
InnBucks is money transfer service regulated by Zimbabwean laws and owned by InnBucks MicroBank.[7] Its primary purpose is providing remittances transfer services to the general public.[8][9][10] It was first popularised among patrons of restaurant chains franchised under Simbisa like Nando's as way of enabling small change transactions rendered impossible by Zimbabwe's overall demonetization.[10]
Background
InnBucks was formulated as loyalty program by
Products and services
- Personal banking
- Business banking
- International banking
- International remittances
- Personal and business Loans
- Treasury and structured finance[1]
References
- InnBucks innbucks.co.zw, retrieved 2023-12-02^
- InnBucks bounces back, now a product of Ndoro Microfinance Bank – Nehanda Radio nehandaradio.com, retrieved 2023-12-02^
- InnBucks Announces Its Return With New Partnership With Ndoro Microfinance Bank GREEDYSOUTH, 2022-08-15, retrieved 2023-12-02