Monday, November 28, 2016
Cash shortages roiling Zimbabwe’s financial markets have driven many banks into a new age of innovative products designed to promote transactions through digital and electronic platforms. For many years, cash has been king in Zimbabwe but many people are now moving towards alternatives. According to a recent MasterCard study, cash accounts for nearly 85 percent of global consumer transactions. In other words, despite quantum leaps in banking, cash has stubbornly resisted extinction.
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