Cheque creation and issuance can delay the movement of capital, costing businesses time, money, and efficiencies. Cheques can hurt your business cash-flow, as it’s never clear when a cheque that you ...
In today’s fast-paced digital world, opening a current account has become a necessity for businesses of all sizes. With the ...
The Citizen on MSN
Why cheques are losing ground to digital payments in Tanzania
Dar es Salaam. In recent years, the use of cheques as a payment method in Tanzania has declined significantly.This shift has been driven by the expansion of financial technologies and the growing ...
Industry players have welcomed the imminent phasing out of cheques, saying apart from its alignment to the digital economic ...
easypaisa Digital Bank, Pakistan’s first digital retail bank, has signed a Memorandum of Understanding (MoU) with the National Institutional Facilitation Technologies (NIFT), formalizing a strategic ...
Business Daily Africa on MSN
Kenyans cling to cheques as Africa peers move on
Kenyan businesses and households are clinging to cheque payments as African peers increasingly walk away from one of the ...
In 2004, 81 percent businesses used cheques for B2B payments. By 2007, that number fell to 74 percent. In 2016, this number was below 50 percent. Why have businesses stopped using cheques? The reason ...
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