Steward Bank, Econet Wireless’ banking unit says electronic banking transactions are growing 30% month-on-month. Steward us supported by a strong network of over 10 000 POS machines. According to Zimswitch the number of POS machines in Zimbabwe is 14 401, from 4 780 in January.
Steward bank chief executive Dr Lance Mambondiani said:
We are seeing a 30 percent growth in our e-business which necessarily entails our customers not entering the bank.
We have more than 10 000 POS machines in the economy and these have increased traction.