Advertisements
Home » Transactions drop on NPS

Transactions drop on NPS

0 comments
RTGS systems have been clogged, resulting in transactions taking up to three days to be cleared.

RTGS systems have been clogged, resulting in transactions taking up to three days to be cleared.

Advertisements

THE value of transactions processed through the National Payments System (NPS) declined by five percent to close the week ending February 23, 2018 at $1,628 billion, according to the latest Reserve Bank of Zimbabwe (RBZ) Weekly Economic Highlights.
The RBZ said the decline was mainly driven by a 1,7 percent decrease in the value of Real Time Gross Settlement (RTGS) transactions to $1,154 billion, from $1,174 billion during the week ending February 16, 2018.

Advertisements

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More