Zimbabwe and regional technology news and updates

NMB Bank angles for huge unbanked market, introduces new account with easy signup & no monthly charges

Local retail financial institution NMB Bank Zimbabwe has launched NMBlite – a low-cost bank account aimed at the lower end market. It has no monthly bank charges though it does carry a flat charge – 50 cents- for both bank and ATM withdrawals.

Finally: here’s how to receive money through PayPal in Zimbabwe…

For a couple of years now PayPal has been ‘active’ in Zimbabwe. Yes, some of you that are across rivers and bridges may sigh and say ‘big deal, so what?’, but this has been a struggle for us, not only as residents in Zimbabwe, but even for mere visitors to our land. Getting paid through […]

Cash burning is returning to Zimbabwe as liquidity challenges persist

Zimbabweans have begun the practice of “burning” cash, as local businesses try to find new ways of coping with the prevailing liquidity crunch in the economy. The development is currently only hatching but has the potential to spread further across the economy, and is highly reminiscent of the unforgettable events of 2008, the climactic year […]