Diamond POS 1

The Director of National Payments at Zimbabwe’s Reserve Bank, Josephat Mutefpa said many, many things (forgive the Trumpism) at their Mobile Money and Digital Payments Conference

. During his speech, he talked a bit about how quickly their electronic payments space is growing, and a little Googling tells me their recent cash crisis is the culprit.

In the past one year, they’ve gone from 15,908 registered POS terminals (in June 2015), to 16,363 (in December 2015), to 20,000 in June 2016. The cash crunch is literally forcing Zimbabwe out of the past, and I thought you should know about it. It’s pretty decent progress for a country as small as theirs (with an even smaller middle-class).


Source – Techzim

Osarumen Osamuyi Author

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