Posted inFinance
Posted inFinance
RBZ attempts to break informal diaspora remittances, offers money to everyone receiving money through registered channels
Starting from the first of October 2016 this same export scheme will be extended to diaspora remittances. It has been set at 5% - with 2% being reserved for the money trasnfer agent and 3% reserved for the recipient.
Posted inFinance
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.
