DIGITAL FINANCIAL SERVICES ON THE RISE
Bank of Zambia Deputy Governor in Charge of Operations, Bwalya Ng’andu has noted that there is an increase in the number of people that are using Digital Financial Services.
Dr. Ng’andu says this can be seen from the growth in the numbers of active Digital Financial Services or e-wallets that have been activated.
He says it is however sad that seventy percent of the accounts opened are not active.
Dr Ng’andu said this during the launch of the Zambia Digital Financial Services State of the Industry Report 2018.
And United National Capital Development Fund Regional Technical specialist Nandi Harihareswana urged the authorities to be wary of fraudsters as the industry grows.
He also urged service providers to study the report as it will help their business.