Published: 04 December 2017

The total value of cash-based transactions increased by 26,3 percent to $259,27 million in September 2017, up from $205,33 million the previous month despite a biting foreign currency shortage that has made physical cash scarce in the country, latest figures show.

The cash component was however a measly 2,5 percent of overall transactions in value terms, the Reserve Bank of Zimbabwe (RBZ)'s Monthly Economic Review for September 2017 shows.

Zimbabweans have adopted electronic modes of payment to beat the cash shortages with point of sale payments and mobile money comprising the bulk of the payments.
- The Sunday Mail

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