New System to Boost Rwanda's Cashless Economy

In a move aimed at easing the flow of liquid cash in the economy, the national payment system developer is expected to introduce new electronic cards to be used to pay for goods and services around the country.

Photo: New Times

The latest innovation is a locally made product that will enable bank clients to use their normal ATM cards to pay for goods and services (file photo).

  • Rwanda:  Mobile Banking Changes the Way We Do Business (opinion)

    The New Times, 17 November 2012

    It was just a matter of seconds before Giovanni Higiro finished paying his fares to a motorcyclist, without touching his wallet. read more »

  • Rwanda:  Central Bank to Issue New Cheques

    The New Times, 12 November 2012

    The National Bank of Rwanda is set to introduce computer-readable cheques as it steps up efforts to curb theft and fraud that are rampant in local banks. read more »

  • Rwanda:  Moving Towards a Cashless Economy

    The New Times, 6 August 2012

    Imagine going to a supermarket, or better, a local shop in your neighborhood, to make purchases or being able to pay your debts without cash but a weightless automated card. read more »

  • East Africa:  Mobile Money Slowly Turning Region Into Cashless Society

    The East African, 11 February 2012

    Ali Ndiwalana, an IT specialist, had just finished an interview with The EastAfrican at Dormans Coffee House in Kampala, just across where he works, when he handed the waiter a ... read more »

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