CBZ promoting electronic transactions

CBZ Bank will in the next two months reward its customers for effective use of digital platforms as it propels the use of information communication technology in a promotion that will run until January 10, 2018.

The promotion will reward at least 30 of the bank’s clients registered to use CBZ Touch, its application that enables customers to do transaction services such as airtime purchase, pay school fees, utilities payments, transfer funds to other banks and transactions to CBZ wallet and other external wallets.

Customers who participate in the promotion stand to win between $200 and $1000.

The banking sector has been promoting cashless transactions as the country embraces plastic money usage in the face of cash shortages that have been prevailing since last year.

“By encouraging the use of cashless transactions, CBZ Bank is confirming its commitment to providing game changing innovative solutions to address the challenges currently facing the nation with regards to access to cash,” said group marketing and corporate affairs executive Mrs Laura Gwatiringa.

In May this year, CBZ, the largest bank in terms of assets and deposits, launched a $2,4 million project for the setting up of customer self service centres in its banks to enhance convenience and efficiency.

The customer self service centres are also meant to decongest the banking halls. Among the transactions that can be done in the self service centres are balance enquiries, internal funds transfers, RTGS transfers, school fees, utilities and bill payments.

“This commitment is not only being witnessed by the launch of CBZ Touch Promotion, but it is also being shown through the bank’s investment into electronic transaction methods like the self-service centres being opened in our branches countrywide.

“Over and above this, the Bank has improved security on its internet banking platforms whilst also increasing its investment into point of sale (POS) machines in response to the central bank’s call for financial inclusion and use of plastic money,” she said.