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Zimbabwe and regional technology news and updates

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CBZ’s Smartchash Now Charges A Monthly Service Fee

CBZ low-cost account Smartcash is now charging monthly service fees. Previously, Smartcash had no monthly fee charges thus offering low-cost accounts to consumers. But, customers are now having to pay $3 per month to service their accounts. The Reserve Bank of Zimbabwe introduced the National Financial Inclusion Strategy with the sole aim of improving financial inclusion. […]


CBZ registers 100,000 low cost customers within year of launching agent banking

CBZ Bank has so far registered at least 100,000 low cost banks accounts customers since the launch of their agency banking in June last year. The accounts, called SmartCash accounts, became a possibility when the Reserve Bank allowed for a lite banks account which customers can open using only their ID. Before now, we didn’t know exactly […]