• Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us
Premium Tech News and Analysis | Zimbabwe
Advertisement
  • Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us
No Result
View All Result
Premium Tech News and Analysis | Zimbabwe
No Result
View All Result
Home Coronavirus

Zim Banks Speeds Up Digitization Due To Increasing COVID-19 Cases

Tamuka James Munamati by Tamuka James Munamati
January 20, 2021
in Coronavirus, Featured, News
0
Effects of Covid-19 To Financial Economy
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The elusive challenge (COVID -19) that is currently touching Zimbabwe’s productivity and efficiency has pushed business operatives to come up with different strategies around innovation and digital banking. In other words, there has been an incredible transformation as banks have moved nearly all their interactions with customers to digital.

The Zimbabwe Bankers’ Allied Workers Union (ZBAU) also said,” Of the 300 branches on the country 10% were permanently closed last year due to the digitization push. An additional 2 branches are now temporarily under lock and key in response to strict 30 – day lockdown that started on January 5’’.

Digital banking may now seem as an alternative towards the banking system in Zimbabwe due to the strict lockdown and minimized travelling. Perhaps digital banking was the awaiting new era which was not yet established effectively, in fact, the digital banking system was already in the game, taking for example banking companies like FBC, NMB & BancABC, but nowadays it is highly noticed because it has become the main alternative for people to access banking services.

Furthermore, Digital banking holds a number of benefits, for instance, digital banking is well convenient, it gives you an opportunity to manage your finances at a time and place to suit you. Provided that you have an internet connection and your mobile device or personal computer, you can usually access digital banking 24 hours a day, seven days a week. Digital banking also provides the ability to schedule bill payments.

However, there are quite a number of challenges considering digital banking, for instance, security risks. Stories of identity theft and stolen funds are common these days and also the situation of network wavering and ‘error’ replies in the process of inquiring accounts through the bank website. Simultaneously, internet connection is the stronghold of mobile banking, but taking into consideration Zimbabwe’s internet connection services, one can say the services are not dependable which will undermine the efficiency of digital banking.

Tags: Covid-19
Previous Post

Libra Coin – A New Digital Currency Developed by FACEBOOK

Next Post

“We May Be Witnessing The Largest Digital Migration In Human History”, Telegram Founder

Tamuka James Munamati

Tamuka James Munamati

My purpose is to identify, improve and to implement implacability ideas to the world. Interested in digital evolvement and technology.

Next Post
“We May Be Witnessing The Largest Digital Migration In Human History”, Telegram Founder

“We May Be Witnessing The Largest Digital Migration In Human History”, Telegram Founder

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 81 Followers
  • 22.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
gbwhatsapp

See read delete everyone messages: GB Whatsapp

April 8, 2018
Cassava Smartech launched Ecocash Web Portal and USSD

Cassava’s Revenue Scales up 68% as Diversification Strategy Pays Off

February 17, 2021

Hillary Clinton in white pantsuit for Trump inauguration

January 20, 2021

Hostem Makes Travel Comfortable With a Portable Pillow and Duvet Set

December 4, 2020
Instagram

Instagram Rolling Out The Threads App

47
Linus Torvalds

Linux Boss condemns Facebook, Instagram and Twitter

17
The next version of WhatsApp will make it easier for you to style you text

WhatsApp Group Admins Required to Register

16
Apple iOS

Six biggest takeaways from WWDC

11
Spotify Expanding footprint to Zimbabwe

Spotify Expanding footprint to Zimbabwe

February 25, 2021
Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

February 23, 2021
The next version of WhatsApp will make it easier for you to style you text

Experience Chatting and Interacting with Yourself on WhatsApp

February 23, 2021
Clean-Cut Comparison of Google Play Nearby Sharing & Near- Field Communication

Clean-Cut Comparison of Google Play Nearby Sharing & Near- Field Communication

February 23, 2021

Recent News

Spotify Expanding footprint to Zimbabwe

Spotify Expanding footprint to Zimbabwe

February 25, 2021
Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

February 23, 2021
The next version of WhatsApp will make it easier for you to style you text

Experience Chatting and Interacting with Yourself on WhatsApp

February 23, 2021
Clean-Cut Comparison of Google Play Nearby Sharing & Near- Field Communication

Clean-Cut Comparison of Google Play Nearby Sharing & Near- Field Communication

February 23, 2021

Latest Posts

  • Spotify Expanding footprint to Zimbabwe February 25, 2021
  • Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency February 23, 2021
  • Experience Chatting and Interacting with Yourself on WhatsApp February 23, 2021

Recent News

Spotify Expanding footprint to Zimbabwe

Spotify Expanding footprint to Zimbabwe

February 25, 2021
Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

February 23, 2021
  • Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us

© 2021 Eyetrodigital.

No Result
View All Result
  • Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us

© 2021 Eyetrodigital.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used.