Zimbabwe introduces electronic Point of Sale terminals at all public institutions – but leaves out mobile money

Friday, June 17, 2016

The Zimbabwean government has directed all public institutions including State-owned enterprises and local authorities to introduce electronic Point of Sale terminals by the 1st of July 2016.

This is expected to ease the challenges being faced with the current cash crisis that has gripped the country. It also follows the Reserve Bank of Zimbabwe’s announcement on the reduction of bank charges that have lowered the cost of POS transactions to between 10 cents and 45 cents per transaction.

The directive is a bit of a no-brainer and long overdue, something that is clear with the way some authorities like the City of Harare and the City of Gweru, as well as some government services have already introduced POS terminals to ensure service continuity.

Source: TechZim (link opens in a new window)

financial inclusion