How people pay in Zimbabwe

• SWIFT foreign currency payments decreased by 23 percent to $1.4 billion for the quarter ending 31 December 2015 from $1.82 billion in the same quarter of the previous year ending 31 December 2014. During the same period, SWIFT foreign currency receipts also decreased to $1.26 billion from $1.64 billion.
• The value of cash withdrawals decreased by 4 percent from $3.15 billion recorded during the quarter ending 30 September 2015 to $3.03 billion in the quarter ending 31 December 2015. The corresponding volumes increased by 8 percent from 2.9 million to 3.1 million, reflecting more customer counts for lower transaction values.
• About $402 million worth of retail transactions went through POS in the quarter to December 2015, compared to $420 million in the same quarter of 2014.
• Mobile transactions worth $1.35 billion were recorded in the final quarter of 2015, up from $1.15 billion in the corresponding period of 2014.
• As at December 2015, Zimbabwe had 16 363 POS terminals in use and 556 ATMs. At the close of that period, there were 38 745 mobile money agents across the country.
• By comparison, Zambia had 1 000 ATMs and 6 915 POS terminals at the end of 2015.
• At the close of 2015, there were 2 365 160 debit cards in issue in Zimbabwe against 3 613 781 in December 2014. There were 10  854 credit cards (9 547 in 2014), 30 125 pre paid cards (28 881), 4.7 million mobile banking subscribers (down from 6 million previously) and 108 662 internet banking subscribers (78 548 in 2014), according to RBZ records.- The Source

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