Economists urge faster digital payment uptake as Malawi’s banknote costs climb
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Malawi’s heavy reliance on cash is driving up the cost of replacing damaged banknotes, with economists calling for faster uptake of digital payment systems to ease pressure on the country’s currency. The Reserve Bank of Malawi expects to spend aro
Economists urge faster digital payment uptake as Malawi’s banknote costs climb
Malawi’s heavy reliance on cash is driving up the cost of replacing damaged banknotes, with economists calling for faster uptake of digital payment systems to ease pressure on the country’s currency. The Reserve Bank of Malawi expects to spend around 69.8 billion kwacha replacing worn and damaged notes this year, up from 50.6 billion kwacha […] The post Economists urge faster digital payment uptake as Malawi’s banknote costs climb appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times. Read more
