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Zimbabwe mobile payments get a shot in the arm from cash crisis

11/16/201711/15/2017 Sam Lambert

The country is suffering from a shortage of cash as Bitcoin simultaneously makes its presence larger. A suddenly downward shift in the availability of cash has driven Zimbabwe mobile payments into a position in which it is experiencing rapid growth. This represents quite a change for the country which has always had a glut of banknotes available. In fact, the $100 trillion note actually exists. However, the country has suddenly found itself in a position of cash shortage, forcing other transactions into popularity. As Zimbabweans search for ways to pay…

Mobile payments provide a new transaction method for Zimbabwe sex workers

06/05/201506/04/2015 Julie Campbell

Workers within that industry have found a number of advantages to being paid over smartphones. In Zimbabwe, the unemployment rate in formal industries has been estimated to be as high as 90 percent, and an informal economy – including those in the sex trade – have now been making use of the EcoCash mobile payments system to be able to accept transactions more safely and securely than other methods. There are a number of reasons that sex workers have found that using smartphone payments is a good option. According to…