TELECOMS & TECHNOLOGY

Mobile money transactions surge 108%

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile operators experienced an increase in volume and value of mobile money transactions with cash-in transactions surging...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Zimbabwe enforces exclusive use of Zimdollar for domestic transactions

Government has reinforced legislation which formalised the use of local currency by empowering the Reserve Bank of Zimbabwe (RBZ) to issue civil penalties for contravention and also applying criminal ...

By Staff reporter | Published: 28 September 2019

FINANCIAL SERVICES

Mobile transactions decline

THE value of transaction processed through the National Payment System (NPS) have declined by 11,3 percent to $4,6 billion during the week ending May 24 from $5,1 billion recorded the previous week.In...

By Staff reporter | Published: 11 June 2019

BUSINESS NEWS

Electronic transactions usage in remote areas surges

THE use of mobile and Internet-based transactions in remote areas has been on an upward trajectory with the generality of the country's populace embracing modern modes of payment.A snap survey in most...

By Staff reporter | Published: 30 December 2018

ZIMBABWE

C-Trade to ease ZSE transactions

Escrow Group will tomorrow officially launch a mobile and online trading platform which allows investors to directly trade on the Zimbabwe Stock Exchange (ZSE), a move that is set to deepen the capita...

By Staff reporter | Published: 03 July 2018

TELECOMS & TECHNOLOGY

Mobile transactions decline to $2,4 billion

THE total value of transactions processed through the National Payment Systems (NPS) amounted to $2,45 billion during the week ending May 24  down from $2,70 billion recorded the previous week.Ac...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

RTGS transactions on the rise

Transactions processed through the RTGS system increased by 25.8 percent to close the week ending April 27 at $1.6 million from 1.3 million the previous week, according to the RBZ latest Weekly Econom...

By Staff reporter | Published: 15 May 2018

POLITICS

Electronic transactions up 372%

ZIMBABWE recorded a 372 percent growth in electronic money transactions in 2017 to 165 million compared to 34 million transactions in the previous year, statistics from Zimswitch Technologies show.Zim...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

Cash transactions rise 17%

Zimbabweans lived it up during the month of December last year in spite of the country's liquidity challenges, latest data from the Reserve Bank of Zimbabwe indicates. In the December 2017 monthly rep...

By Staff reporter | Published: 11 April 2018

BUSINESS NEWS

National Payment System transactions decline

The value of transactions processed through the National Payment System (NPS) for the week ending March 9 declined to $1,83 billion from $1,93 billion the previous week due to a decline in electronic ...

By Staff reporter | Published: 04 April 2018

TELECOMS & TECHNOLOGY

NetOne offers discounts on OneMoney transactions

Mobile telecommunications giant NetOne has introduced a promotion for its One Money customers, that will see them enjoying discounts for purchases made through the platform.Dubbed 8Time Promotion, it ...

By Staff reporter | Published: 15 February 2018

BUSINESS NEWS

Zim electronic money hits 96% of transactions

Monetary transactions in the Zimbabwean economy are now dominated by electronic payment systems with more than 96 percent of local transactions now being conducted through plastic, internet and mobil...

By Staff reporter | Published: 08 February 2018

MINING & RETAIL

Retailers bemoans failed transactions spike

THE Confederation of Zimbabwe Retailers Association (CZRA) has noted with concern frequent delays by banks to address failed electronic transactions which is prejudicing both retailers and customers r...

By Staff reporter | Published: 04 February 2018

FINANCIAL SERVICES

Banks scrap tax on transactions below $10

GOVERNMENT has, with immediate effect, directed banks not to levy 5 percent tax on all transactions below $10 as a way of promoting financial inclusion. This comes as Government moves to provide safet...

By Staff reporter | Published: 30 January 2018

BUSINESS NEWS

Cash transactions surge

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 ha...

By Staff reporter | Published: 04 December 2017

BUSINESS NEWS

ZimSwitch in huge transactions surge

NATIONAL electronic funds switch, ZimSwitch, recorded a 1 600 percent surge in digital transaction volumes during the first half of the year, from an average of 900 000 per month to over 16 million t...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Zim records $24bn RTGS H1 transactions

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says transactions worth $27.4 billion were made through the Real Time Gross Settlement (RTGS) system in the first six months of this year.In th...

By Staff reporter | Published: 03 August 2017

FINANCIAL SERVICES

RTGS transactions recover

The value of RTGS transactions through the NPS increased by three percent from $1.10 billion to $1.13 billion in the week ending July 14, 207, central bank data shows. In its weekly report for the per...

By Staff reporter | Published: 01 August 2017

BUSINESS NEWS

Mobile money constitutes 12.5% of NPS transactions

Mobile transactions now constitute 12.5 percent of the national values and around 70.6 percent of volumes for the month ending June 2017. This comes at a time when the cash shortages currently being e...

By Staff reporter | Published: 28 July 2017

FINANCIAL SERVICES

Mobile, plastic accounts for 80% of retail transactions

The Confederation of Zimbabwe Retailers (CZR) says the use of mobile and plastic money has risen to account for 80 percent of transactions in the retail sector.Addressing delegates at the 'Cash challe...

By Staff reporter | Published: 27 July 2017

FINANCIAL SERVICES

RTGS transactions in sharp deadline

The value of Real Time Gross Settlement transactions through the NPS declined 21 percent from $1.3 billion in the week ending June 7 2017, data from the central bank shows. In its weekly report for th...

By Staff reporter | Published: 19 July 2017

TELECOMS & TECHNOLOGY

TeleCash transactions top $15 million

Telecel Zimbabwe's mobile money transfer system, Telecash, has handled $15 million since its inception early this year as the company seeks to increase its visibility in the mobile money space.The loc...

By Staff reporter | Published: 03 July 2014

TELECOMS & TECHNOLOGY

Mobile financial transactions up

Zimbabwe's mobile financial transactions grew by more than 55 percent in May reflecting confidence by the banking public in using the plastic money system.According to the Reserve Bank of Zimbabwe wee...

By Staff reporter | Published: 17 June 2014

FINANCIAL SERVICES

ZipCash transactions top $30m

Zimpost has processed transactions worth over $30 million under its Zipcash money transfer facility since it launched the service in October last yearZimpost has processed transactions worth over $30 ...

By New Ziana. | Published: 28 May 2014

ZIMBABWE

Card based transactions continue to rise

The total value of card based transactions increased by 1.11% to $331.71 million in the month of November, from $ 328.06 million in October 2013.This is based on figures released by the Reserve Bank o...

By Staff reporter | Published: 24 January 2014
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