Zimbabwe: RBZ to Guide Growth in Mobile Banking

20 March 2014

Mobile banking has grown phenomenally due to a 104 percent growth in mobile penetration and the registration of over 7 000 mobile agents across the country, the Reserve Bank of Zimbabwe has revealed. Speaking at the world consumer rights celebrations held in Harare on Monday RBZ National payment systems representative, Mr William Manimanzi said 119 million transactions were effected through mobile banking last year and the RBZ was working on a stable payment system to support transactions.

"We want to guide electronic payments and ensure that there is a stable payment system which is efficient and effective," he said.

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