NPS transactions increase to $255 billion

Reserve money increased to $29,2 billion
THE value of transactions processed through the National Payment System (NPS) rose to $255,6 billion during the week ending March 25, a 6,8 percent increase from $239,1 billion in the prior week, latest figures show.

 According to the Reserve Bank of Zimbabwe’s (RBZ) latest weekly economic review, Real Time Gross Settlement (RTGS) transactions increased by 7,67 percent to close at $225,84 billion.
 “In value terms, the distribution of NPS transactions was as follows: RTGS, 88.35%; POS, 7.14%; Mobile, 3.82% and ATM, 0.69%.,” said RBZ.
The week under review saw the volume of NPS transactions decrease by 5,36 percent to 20.61 million, from 21,78 million in the preceding week.
Most service providers in both the public and private sectors have adopted mobile money as a means of processing payments, placing the channel as the most common alternative for the country’s unbanked population, which is largely dominated by the informal sector.
“ In volume terms, the NPS transactions were distributed as follows: Mobile, 78.99%; POS, 19.0%; ATM, 0.62% and RTGS, 1.40%,” RBZ said.



Please enter your comment!
Please enter your name here