Similar to many other markets, the Zambian payment system is composed of Large Value Payment Systems (LVPS) and Retail Payment Systems.

The Zambia Interbank Payment and Settlement System (ZIPSS) is the only system in Zambia that facilitates for large payments. Further details about the ZIPSS see section on Systemically Important below.

Under the retail payment streams, a number of payment mechanisms are available. These include the Electronic Funds Transfer (EFTs), Cheques, Automated Teller Machines (ATMs), Point of Sale (PoS), Remittance systems (both for domestic and international) and mobile payment systems.