22 January 2018
   
Kasukuwere begs ED for forgiveness: official
Chinamasa to divert wages to devolution
Dump Mugabe regalia, Zanu PF official
Mugabe exploited my illiteracy: Mujuru
Engineers group to expose fake degrees
Grandpa, 83, says minor pestered him for sex
Poet poses as Zimra officer, blows $35k
Choked as 2kg's of cocaine tested in court
MORE NEWS
Gemmology center in Mutare soon
NRZ loss as gold miners damage rail line
MORE BUSINESS
Unpaid Mr ugly reports sponsors to ZRP
Zim author releases new book in USA
MORE SHOWBIZ
Anger as Dembare approach City player
Cricket: ICC clears Zimbabwe's Vitori
MORE SPORTS
Mnangagwa’s ‘New’ Zim merits support
Zhuwao: kleptocracy and EDiots in Davos
MORE OPINION
 
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift
MORE COLUMNISTS
 
 

RTGS transactions reach $2bln in October

16/11/2017 00:00:00
by Source.co.zw
 
 
RELATED STORIES

HARARE: The value of transactions processed through the National Payment System (NPS) in the last week of October increased by 20 percent to $2 billion from $1,7 billion recorded in the previous week due to a surge in Real Time Gross Settlement (RTGS) transactions.

In a weekly report, the Reserve Bank of Zimbabwe (RBZ) said RTGS transactions went up 25 percent to $1,4 billion, accounting for 71 percent of the value of transactions processed through the NPS.

An acute shortage of bank notes in the southern African nation has forced Zimbabweans to resort to electronic means of payment.

Mobile-based transactions went up 15 percent to $369,49 million from $320,76 million while Point Of Sale (POS) were slightly down 1 percent from $218,56 million to $216,99 million.

Automated Teller Machine (ATM) transactions declined 10 percent from $4,63 million to $4,16 million.

Cheque transactions further declined 11 percent from $1,22 million to $1,08 million.

In terms of volumes, mobile based transactions accounted for 75 percent while POS took up 23,9 percent.

RTGS, ATMs and Cheque were at 0.55 percent, 0,41 percent and 0.02 respectively.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker