BAZ hails State on removal of point of sale duty

BANKERS Association of Zambia (BAZ) says the removal of customs duty on point of sale machines will energise the use of digital financial services as the country strives towards a cashless society.

Commenting on the measure announced in the 2018 National Budget, BAZ chief executive officer Leonard Mwanza said commercial banks are expected to increase mobile cash points to improve the payment system and accelerate financial inclusion.

“BAZ is happy that its submission to remove custom duty on point of sales machines has been considered .This will re-energise the digital platform to see us move away from a cash based society to a card based one,’’ he said in an interview last Friday.
Mr Mwanza said acquiring affordable equipment will go READ MORE

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