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A Cashless Economy in Zimbabwe? With Little Cash, There’s Little Choice
Advertisement Continue reading the main storyThe change has been revolutionary for what was a mostly cash economy until early this year. It has also encouraged the use of debit cards and mobile money. Now many churches accept tithes by debit cards, cellphone payments or wire transfers. But Mr. Chitambara, the economist, said that mobile money users were often being charged informal fees to withdraw cash. But Fambai Mudzaniri, 48, a trader in a neighboring village, was earning monthly profits of $500 from the cash shortage.
Source: International New York Times November 03, 2016 09:01 UTC
