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The digital payments in Zimbabwe have recorded ZWL$33.2 trillion, the Reserve Bank of Zimbabwe has revealed.
According to the 2023 Monetary Policy Statement by the national bank, on-site examinations and off-site analysis were conducted during the second half of 2022 to ensure stability and compliance of national payment systems.
And a growth of 220% in digital payments was recorded.
“Digital payment systems transaction values continued on an upward trajectory with a 220% growth to ZW$33.2 trillion in 2022. The volume of transactions, on the other hand, recorded a decrease of 22% to 1.13 billion during 2022,” the statement read
Meanwhile, the Real Time Gross Settlement is reported to have improved during the period under review as compared to 2021.
“The improved performance was witnessed on the Zimbabwe Electronic Transfer and Settlement System (ZETSS) also known as the Real Time Gross Settlement system. In this regard, RTGS transaction values increased by 355% to ZW$22.5 trillion in 2022 from ZW$4.9 trillion in 2021,”
“Transaction volumes rose marginally by 3.4% to 12.9 million in 2022 compared to the previous year,” RBZ said.
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