TECHNOLOGY multi-currency system – using the South African Rand , the US dollar , Euro and more . For the local economy , using this system for everyday transactions can be understandably difficult .
With the rise of mobile use and an unconventional currency model , Agrippa Mugwagwa , Executive Director of Group Retail Banking & e-commerce , says that this is where FBC ’ s digital services offer a transparent solution .
“ We ’ ve seen an upsurge in terms of usage of mobile banking , internet banking , and mobile wallets in the market ,” he explains . “ In fact , last year 96 % of around $ 98bn , went through electronic platforms , according to the Reserve Bank of Zimbabwe .
“ This change in the market presented us an opportunity to become an innovative and dynamic financial sector player ,” he continues . “ Now , everybody wants bank cards . Everybody wants mobile banking and mobile wallets . It gives them the flexibility they need to transact across the Agrippa G R Mugwagwa Executive Director
Retail & Ecommerce
www . gigabitmagazine . com 259