RTGS transactions up 19 pct

RTGS transactions up 19 pct

HARARE, November 29 (The Source) – The value of transactions processed through the National Payment System (NPS) for the week ending November 17 went up nine percent to $2 billion from $1,8 billion recorded in the previous week driven by an increase in electronic transactions.



In a weekly report, the Reserve Bank of Zimbabwe (RBZ) said RTGS transactions increased by 19 percent to $1,4 billion, accounting for 71,18 percent of the value 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.

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