Search / Automated teller machines
ZiG usage surges to half of all transactions in Zimbabwe
Nearly half of all transactions processed through Zimbabwe's National Payment System are now being conducted in Zimbabwe Gold (ZiG), marking a dramatic rise in adoption of the country's gold-backed cu...Published: 22 Jun 2025 at 11:05hrs | 1785 | by Staff reporter
RBZ says there is enough ZWG supply
The Reserve Bank of Zimbabwe (RBZ) has assured the public that there are sufficient stocks of the Zimbabwe Gold (ZWG) notes in circulation to meet current demand, despite widespread complaints across ...Published: 18 Jun 2025 at 07:32hrs | 160 | by Staff reporter
Zimbabwe banks ready to dispense ZiG from ATMs
The Reserve Bank of Zimbabwe (RBZ) has sought to ease public concerns over the scarcity of the Zimbabwe Gold currency, commonly known as ZiG, assuring that the currency is becoming increasingly access...Published: 16 Jun 2025 at 14:52hrs | 137 | by Staff reporter
Stanbic Bank expands its ATM network
Harare, 24 July 2024 - Stanbic Bank Zimbabwe has embarked on an exercise to expand its Automated Teller Machines (ATMs) in response to growing client demands.The move by the leading financial ...Published: 24 Jul 2024 at 09:01hrs | 429 | by Agencies
South Africa's cash-in-transit workers threaten to go on strike
A strike in the cash-in-transit (CIT) sector could see South Africa's automated teller machines running dry.That's the prospect if the Commission for Conciliation, Mediation and Arbitration gr...Published: 20 May 2024 at 08:38hrs | 5 | by Staff reporter
Zimbabwe's new ZiG currency strengthens on second day of trading
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit.It gai...Published: 10 Apr 2024 at 06:05hrs | 7 | by Staff reporter
POSB rolls-out ATMS
The People's Own Savings Bank (POSB) has rolled out 15 advanced Automated Teller Machines (ATMs) across its service centres as part of enhancing customer experience and convenience.This is the...Published: 10 Feb 2024 at 06:29hrs | 7 | by Staff reporter
Zimbabwe transport operators 'fleece' travelling public
ZIMBABWEAN commuters struggling with economic hardships face a double blow this festive season as transport operators have doubled bus fares on some routes, squeezing travellers' already strained budg...Published: 25 Dec 2023 at 09:34hrs | 15 | by Staff reporter
'Don't trust Zanu-PF's electoral promises'
Matebeleland-BASED opposition Freedom Alliance (FA) has warned the electorate to watch out for the ruling Zanu-PF party's false electoral promises.The party said Zanu-PF has been in power for ...Published: 15 Aug 2023 at 06:35hrs | 11 | by Staff reporter
'Zimbabweans smuggling explosives for use in committing crimes in South Africa'
ZIMBABWEANS are reportedly smuggling explosives for use in committing crimes in neighbouring South Africa, NewsDay reported.Zimbabwe Anti-Corruption Commission (Zacc) chairperson Justice Loice...Published: 02 Dec 2022 at 05:01hrs | 1 | by Staff reporter
Zimbabweans in diaspora not cash cows but should have their democratic rights respected!
There was much excitement in the corridors of power when it became apparent that diaspora remittances into Zimbabwe had surpassed the US$1.4 billion mark ...Published: 24 Apr 2022 at 06:25hrs | 11 | by Tendai Ruben Mbofana
Banks lobby for tax regime revamp
ZIMBABWE'S banking sector says government must extend tax payment periods to twice a year to give industries breathing space after being affected by pandemic-related headwinds.Under current po...Published: 01 Nov 2021 at 07:27hrs | 10 | by Staff reporter
Zimbabwe back to trillion-figure era
THE Reserve Bank of Zimbabwe (RBZ) says the value of transactions processed through the national payment systems hit the $1,24 trillion mark during first quarter of this year, rising by 9% from $1,13 ...Published: 09 Jun 2021 at 07:18hrs | 1 | by Staff reporter
Zimbabwean man busted for illegal firearm, explosives
A 34-year-old Zimbabwean man has landed in trouble after he was found in possession of an illegal firearm and explosive gel in the Swartruggens, North West Province, South Africa.Paulos Choto ...Published: 23 May 2021 at 07:25hrs | 1 | by Staff reporter
International credit cards still valid in Zimbabwe
The Zimbabwe Tourism Authority (ZTA) has assured tourists that international credit cards are still usable in Zimbabwe following the new monetary regulations announced by Government through Statutory ...Published: 28 Jun 2019 at 06:15hrs | 17 | by Staff reporter
Processed transactions value surge 62% to $151,75bn
Zimbabwe registered a 62% increase in the value of transactions processed on its payment system to $151,75 billion in 2018 from $93,83 billion in the prior year, driven mainly by real time gross settl...Published: 22 Feb 2019 at 09:02hrs | | by Staff reporter
Zimbabwe cash crisis persists
The cash crisis is worsening with some banks reportedly turning away their clients as early as 7am yesterday, advising that they had no money.Contacted for comment, Reserve Bank of Zimba...Published: 29 Dec 2018 at 18:33hrs | 14 | by Staff reporter
MDC savages Eddie Cross
THE opposition MDC has reacted angrily to suggestions by former party policy chief Eddie Cross that Zimbabwe's economy is on "sound footing" and set for a take-off.Cross, a founding member of ...Published: 20 Nov 2018 at 06:21hrs | 1 | by Staff reporter
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | | by Bloomberg
Beitbridge man languishes in SA jail
A MAN from Beitbridge is languishing in a South Africa police cell after being arrested on allegations of smuggling explosives from Zimbabwe into that country.Musina Shoko, also known as Parad...Published: 15 Oct 2018 at 06:42hrs | | by Staff reporter
Zimbabwe's currency options
IT goes without saying that pursuant to the adoption of the multi-currency system in Zimbabwe in January 2009 until about 2015, one could withdraw up to US$5 000 from an automated teller machine. Over...Published: 24 Sep 2018 at 07:28hrs | 12 | by Colls Ndlovu, Economist
'Banks to give out more cash'
The Reserve Bank of Zimbabwe (RBZ) says people should expect to withdraw more cash from their banks in the coming weeks, just like what happened at the weekend when Automated Teller Machines (ATMs) di...Published: 07 Aug 2018 at 08:00hrs | 1 | by Staff reported
3 Zimbabweans arrested over $30 000 Beitbridge explosives
THREE suspected Zimbabweans were arrested at Beitbridge Border Post yesterday for allegedly attempting to smuggle $30 000 worth of explosives into neighbouring South Africa.The explosives, 750...Published: 06 Aug 2018 at 07:28hrs | | by Staff reporter
Chamisa to ditch the bond notes in 2 weeks
MDC Alliance presidential candidate Nelson Chamisa has promised to ditch the bond notes as the country’s currency."Once we assume office in August just give me two weeks to deal with cash ch...Published: 03 Jul 2018 at 14:05hrs | 1 | by Staff reporter
Mugabe will vote for Chamisa
MDC Alliance president Mr Nelson Chamisa yesterday said he was confident of getting at least one vote from former president Mr Robert Mugabe even if the whole country decides not to vote for him in th...Published: 02 Jul 2018 at 07:21hrs | 4 | by Staff reporter
British govt banking on Mnangagwa
EVIDENCE of Britain's meddlesome support for President Emmerson Mnangagwa's administration and that he is their preferred choice to lead Zimbabwe after this year's general elections in July is mountin...Published: 18 May 2018 at 08:21hrs | 4 | by Staff reporter
Zimbabwe ATMs gather dust
THE severe cash shortage brought about by a debilitating liquidity crunch has severely reduced the use of automated teller machines (ATMs).An ATM is an electronic telecommunications device tha...Published: 09 Mar 2018 at 12:30hrs | 5 | by Staff reporter
Mnangagwa fails to 'coup' cash crisis
Cash shortages in Zimbabwe have persisted more than a month after the new administration led by President Emmerson Mnangagwa assumed power.A snap survey last week by Standardbusiness establish...Published: 21 Jan 2018 at 11:19hrs | 2 | by staff reporter
Blackout hit Zimbabwe banks hard
THE banking sector lost an estimated $70 million after many internet-dependent transactions could not be processed because of the recent data blackout which lasted six hours.On December 5, Zim...Published: 17 Dec 2017 at 07:23hrs | | by Staff reporter
Zimbabwe banks reject rand adoption
Zimbabwean banks say adopting the South African rand will not help solve the country's economic challenges.Addressing delegates at the two-day Financial Markets Indaba in Harare last week, Bar...Published: 22 May 2017 at 15:24hrs | 1 | by Staff reporter
'Dollars, rands can't save Zimbabwe'
As the national debate the about the benefits of Zimbabwe adopting the South African rand as its anchor currency continues to rage, former Finance minister Tendai Biti says the discourse is futile as ...Published: 19 May 2017 at 07:52hrs | | by Staff reporter
Zimbabwe business leaders push for Randisation
Zimbabwe's business leaders want Government to evoke the law in order to enforce economy-wide use of the South African rand and end cash shortages.An in-house discussion paper by the Confedera...Published: 14 May 2017 at 15:08hrs | | by Staff reporter
RBZ bans overdrafts
Zimbabwe ditched its own currency in 2009 and adopted a multi-currency regime to escape hyperinflation.THE Reserve Bank of Zimbabwe has instructed local banks to stop offering overdrafts to cu...Published: 05 May 2017 at 07:00hrs | | by Staff reporter
Zimbabwe government admits 'printing' money
PRESIDENT Robert Mugabe's embattled administration has for the first time admitted printing money in the form of a virtual currency through the Real Time Gross Settlement (RTGS), acknowledging this ca...Published: 27 Apr 2017 at 18:42hrs | 23 | by Staff reporter
Tobacco farmers failing to get cash
Tobacco farmers are struggling to get their money at auction floors, as the country's severe cash crunch continues to worsen.This is despite the government's recent directive to banks ...Published: 19 Apr 2017 at 06:29hrs | 1 | by Staff reporter
Zimbabwe panics as wheels come off
With Zimbabwe's economy continuing to die - as manifested by rising poverty levels, worsening job losses and severe cash shortages - the government is showing signs of panic, amid fresh warnin...Published: 15 Apr 2017 at 14:53hrs | 1 | by Staff reporter
No end in sight to Zimbabwe cash crisis
A conversation between old friends: "Mr Moyo, how are your children and where are they?" Moyo responded: "Eldest son is in Steward Bank. His wife is at POSB. "Second son is at NMB and his wife is ...Published: 12 Mar 2017 at 09:05hrs | | by Staff reporter
No end in sight to Zimbabwe cash crisis
A conversation between old friends: "Mr Moyo, how are your children and where are they?" Moyo responded: "Eldest son is in Steward Bank. His wife is at POSB. "Second son is at NMB and his wife is ...Published: 12 Mar 2017 at 09:04hrs | | by Staff reporter
Chinamasa moves to end cash shortages
GOVERNMENT has come up with a cocktail of measures to address cash shortages through an expansion of electronic money transaction systems and promotion of domestic savings.In an interview,...Published: 12 Mar 2017 at 08:44hrs | | by Staff reporter
US dollars disappears from Zimbabwe banking system
Transactional activity in Zimbabwe in recent weeks indicates a slow disappearance of the United States dollar, which is being replaced by bond notes.The bond notes were introduced last yea...Published: 26 Feb 2017 at 09:58hrs | | by Staff reporter
Zimbabwe roadblocks outcry
The tourism sector, which is battling a strong United States dollar which has made the destination uncompetitive, has a new threat: police roadblocks which are stifling the growth of the industry....Published: 29 Jan 2017 at 09:28hrs | | by Staff reporter
Bond notes fiasco: Importers stranded
THE introduction of bond notes has put ordinary Zimbabweans and importers in a rut with many facing bottlenecks as some local banks reject the use of the fiat money for foreign payments amid a severe ...Published: 27 Jan 2017 at 06:15hrs | | by Staff reporter
Zimbabwe bank queues suddenly disappear
The cash crisis in Zimbabwe appears to have eased with queues disappearing at most banks while some supermarkets are offering cash-backs even without being asked.The seeming return to normalcy...Published: 16 Jan 2017 at 11:17hrs | 1 | by Staff reporter
Zimbabweans banks under siege from mobile money adoption
Banks are under threat from a surge in mobile money adoption, as telecommunication firms behind them are pushing more financial products on the market, a new report has shown. A detailed r...Published: 10 Jan 2017 at 06:23hrs | 1 | by Staff reporter
RBZ slashes bank charges
The Reserve Bank of Zimbabwe (RBZ) will effect from tomorrow (Monday) slash bank charges which were deemed too exorbitant, Bulaway24.com can reveal.Although official anno...Published: 11 Dec 2016 at 18:35hrs | | by Alice Dube
Zimbabweans stampeding to withdraw the newly-introduced bond notes
In an unexpected development, Zimbabweans are stampeding to their banks in large numbers to withdraw the newly-introduced #bondnotes.For the third day running yesterday, stressed banks bat...Published: 01 Dec 2016 at 14:07hrs | 2 | by Staff reporter
Zimbabwe banks dread bond notes
Local banks, which on the surface appear to be supporting the introduction of US$ 200 million worth of the new promissory currency bond notes into the market, fear a nightmare over accounting stan...Published: 25 Nov 2016 at 06:07hrs | | by Staff reporter
Zimbabwe ATMs to dispense US dollar, bond notes
Local banks are configuring their automated teller machines to dispense both the US dollar and the bond notes, Reserve Bank of Zimbabwe Governor Dr John Mangudya said yesterday.Alternative...Published: 24 Nov 2016 at 04:48hrs | | by Staff reporter
Liquidity shortages force people to open bank accounts
Ongoing cash shortages in Zimbabwe are forcing many companies which used to pay their employees in cash to resort to bank deposits.Like individuals, companies are now accessing very little...Published: 21 Aug 2016 at 09:36hrs | 1 | by Staff reporter
ABCH lays off head office staff
African Banking Corporation Holdings (ABC Holdings) is merging with the Finance Bank of Zambia as the group embarks on a retrenchment exercise at its South Africa office to improve operating efficienc...Published: 19 Aug 2016 at 08:01hrs | 4 | by Staff reporter
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