RBZ Urges For Electronic Payment To Strengthen Social Distancing

The Reserve Bank of Zimbabwe (RBZ) has urged banks to enhance digital transaction services to promote social distancing amid Coronavirus outbreak.

The digital transactions are set to assist banks to play a critical role as a systematic stabilisers of the economy during the global Pandemic.

In a statement yesterday, central bank governor, John Mangudya said on additional measures to metigate Covid19 effects RBZ is making it easier for the transacting public to use free funds for local good and services chargeble in local currency.

” The use of free funds will not only make payments of goods and services easier but , will also promote social distancing as banks will be able to provide digi…
[7:52 AM, 3/27/2020] TechnoM Leona: Landline Users Continue To Decline In Zimbabwe

The use of fixed telecommunications has been on continuous decrease in Zimbabwe dropping by 0.1% to record 0.8% in 2019 from 1.9% recorded in 2018 Postal telecommunications regulatory authority of Zimbabwe has announced.

Although some people still use landline phones for communication users have declined as new media technology largely fill up the communication spectrum.

Mobile phone has re-defined the means of communication and, consequently, and has mainly cause a lower usage of fixed landlines and sent it to the dustbin of history.

Recently,Zimbabwe’s oldest telecommunications company, TelOne announced the blacklisting of telephone users with outstanding bills , probably due to less use of the landlines

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