Featured post

The Sanctions and the bonded Zimdollar

TERROR OF FORGETTING One of my favorite political analyst Dr. Tafataona Mahoso always referred us to the” terror of forgetting”. Th...

Friday, 2 December 2016

Bond Notes and Cashless Tips

GO MOBILE
 You need a debit card to survive in these times. There are cards that you can get for free. Ecocash, Telecash and Textacash are free and you only need a photocopy of your national identity card. These cards are issued immediately . These cards can be linked to your mobile phone.  These cards are also on Zimswitch so you can transact  any where and any time.
LETS GO MOBILE

BOND NOTES AND YOUR BANK ACCOUNT.
The money in your account remains in USA dollars. The money is in the banking system it  retain its value. It is the bond notes in the informal sector which are open to abuse by unscrupulous black market operators. So my advise if you have bond notes bank them immediately to get the USA dollar value.


BOND NOTES ARE HERE












CASH OR CARD 





BANKING PRODUCTS
All banks  have products that give you a card for that allow to swipe instead of always paying cash. Swiping can save you money in form of transaction costs and transport cost ,especially if you live far from your bank.
These debit cards allows us to pay for almost anything with it.All banks are on Zimswitch and this allows us the banking public to get money at any bank.l feel a limit of $20 on Zimswitch's ATM person should be imposed by the Reserve Bank of Zimbabwe.

BILLER CODES & MERCHANT  BANK ACCOUNTS
We should have biller  and merchant codes  for every service provider for their biller/merchant code. It is  not a bad idea or rude to ask for your creditors bank account number.This will make it easier for us to transfer monies amongst us. We can use ZIPIT and RTGS. 

LET US GO INTERNATIONAL
FOREIGN DEBIT CARDS 
Banks are offering  VISA ,Mastercard and other international debit cards. These will allow you to transact outside our borders. You can bank those bond notes and get USA dollar value outside. Cross border traders can use these cards for purchases

WHY GO CASHLESS?
 This country is under foreign sanctions and we need to safeguard our banking sector from foreign manipulation. Keeping our money in our banking systems allows  authorities to control and monitor all financial services. Money laundering and illegal transactions like smuggling are driven by cash. Going cashless is a state security priority  and it is every citizen's responsibility

WHO WAS HERE

What Do you have to say

Google+ Followers

Translate into your local language