28 December 2012

Zambia: Multichoice Adjusts Billing System

MULTICHOICE Zambia has made changes to the billing systems and the test was done successfully in readiness for the implementation of the rebasing of the Kwacha next week on January 1, 2013.

Multichoice Zambia public relations manager Marlon Kananda said changes had been made to the MultiChoice Africa billing system and tests were done successfully as at November 30, 2012 in readiness for the changeover date of the rebased currency next week on Tuesday.

"As you are all aware, the rebased currency will become legal tender on January 1, 2013. Multichoice Zambia has put in place measures to ensure that a smooth transition takes place so that the rebased currency can be recognised and used with ease and confidence.

This includes among other things displaying the new currency and educating staff on the changes," he said.

In a statement issued in Lusaka yesterday, Mr Kananda said since the Bank of Zambia had designated the period from January 1 to June, 30 2013 as the transition phase, all MultiChoice Zambia branches and agents will accept both the old and rebased currencies which would be in circulation simultaneously.

This means that all goods and services will be paid for using both currencies, as long as the equivalences are observed.

Mr Kananda said the receipt would reflect the rebased currency, saying that: "All third party vendors like the banks have assured us that they are ready.

The direct debits that are scheduled to go through on the first business day will be in rebased currency.

"Effective January 1, to June 30, 2013 all prices will be displayed in dual currencies "K" and "KR" in all MultiChoice branches."

" All our Agents have been advised to comply.

During the six months transition phase (January 1, to June, 30 2013), all Multichoice branches shallgive change for all transactions in rebased currency," he said.

Mr Kananda said effective July 1, 2013, simultaneous circulation of currencies would cease and the old currency shall not be accepted for the purchase of goods and services by Multichoice Zambia.

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