National Pay­ments Sys­tem trans­ac­tions clock $2.3bn

Chronicle (Zimbabwe) - - Business Chronicle -

bil­lion.”

The us­age of NPS pay­ments streams in value terms, was dis­trib­uted as fol­lows: RTGS 75,57 per­cent; mo­bile 14,78 per­cent; point-of-sale (POS) 9,41 per­cent; au­to­mated teller ma­chine (ATM) 0,19 per­cent; Cheque 0,06 per­cent.

Dur­ing the week un­der re­view, the vol­ume of trans­ac­tions pro­cessed through the NPS stood at 23,708 mil­lion, up from 22,737 mil­lion trans­ac­tions pro­cessed in the pre­vi­ous week.

And the dis­tri­bu­tion of NPS trans­ac­tion vol­umes was dom­i­nated by mo­bile at 75,37 per­cent. POS ac­counted for 23,51 per­cent; RTGS 0,67 per­cent; ATMs 0,41 per­cent; and Cheque 0,03 per­cent.

Mean­while, the RBZ has said the coun­try’s an­nual broad money sup­ply recorded a 29,61 per­cent rise in July to $6,56 bil­lion, driven by an in­crease in de­posits, lat­est data from the cen­tral bank has shown.

Broad money sup­ply (M3), is a mea­sure of the money in cir­cu­la­tion which in­cludes phys­i­cal cur­rency and de­mand de­posits.

Ac­cord­ing to the cen­tral bank, trans­fer­able de­mand de­posits and time de­posits grew by 35,45 per­cent and 5,4 per­cent, re­spec­tively in July com­pared to the same pe­riod last year. — BH24

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