Reserve Bank of Zimbabwe cuts electronic payment charges to tackle cash shortage
Central Bank introduces latest measure to combat cash shortage by encouraging use of electronic payments
The Reserve Bank of Zimbabwe has reduced the charges on electronic transactions with immediate effect to encourage the usage of electronic banking services, it announced on June 16.
The central bank expects the review of tariffs "will go a long way" towards promoting the use of electronic money, which it says is "essential" to move the economy towards a cashless society and "complement" current financial inclusion efforts.
Transfers via the real-time gross settlement system will now cost $5
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