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Mobile Money Transfers Drive Banks in Market

  • Newsday, Wednesday, September 10, 2014 11:40 AM

The advent of new communication technologies and mobile money transfer has forced banks to adapt or risk closure. ABC Holdings chief financial officer Beki Moyo said the bank was relatively quite advanced as far as IT is concerned but said priority is presently being accorded to mobile banking. “If you look at our mobile banking platform, we are a bit behind the curve but we will be rolling out in the next two quarters and it should be a very robust system,” Moyo said. He said the bank had already done a Request for Proposal and would soon be choosing a service provider in the next couple of weeks.

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1 comment about "Mobile Money Transfers Drive Banks in Market".
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  1. Jennifer Smith from Chubb Corp., September 21, 2014 at 5:34 p.m.

    It is great that the technologies are better today. But if to be honest I like paying by cash. If I don’t have cash I take personal online loans US. These loans are always a good financial help. Paying by cash is safer and more convenient than using credit cards. I know many stories when people lost all their money because of credit cards. That is why think before using any technology way of paying.

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