HARARE - With no end of cash shortages in sight in Zimbabwe, the use of mobile money has become the order of the day in the southern African nation. The central bank says it is happy with the situation and wants 90% of all transactions to be electronic. That has forced people to switch to mobile money. He thinks cash still has value in Zimbabwean society, especially given that the financial system has collapsed before. So people still need cash, to the extent the electronic money itself is not fully acceptable to the transacting public.

Source: Ethiopian News March 10, 2021 12:21 UTC