By Gwendoline Mugauri
The Ministry of Finance and Economic Development is preparing to increase the number of point of sale (POS) machines to 100 000, up from the 43 000 that are currently in use countrywide, as part of their 100 days target to promote and improve plastic money transactions.
Due to the unavailability of cash in the country, government has been mandated to ensure smooth flow of business by educating the general public on the advantages of using plastic money.
However, many retailers around the country have complained about delays in accessing POS machines after application for the gadgets. The central bank is however on record saying POS machines should be made available within 72 hours of application.
Speaking during the official launch of a portable point of sale machine by Econet Wireless (Pvt) Limited owned Steward Bank called Kwenga in the capital recently, Finance and Economic Development deputy minister Hon Terrence Mukupe applauded the bank for complementing government’s efforts of availing affordable point of sale machines for the previously disadvantaged small to medium enterprise sector.
The recently launched Kwenga POS machine is meant for small businesses that may not be able to buy the traditional POS machines, has no charges for payments less than a $1 and allows plastic money transactions for people such as vendors and commuter omnibuses.
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