Zambian Govt. to Help Strengthen the Bond between Fintechs and MNOs

The Zambian Govt. has announced that they are working towards strengthening the bond between fintechs and MNOs in the country with pushing digital transactions.

The Zambian Government has announced that they have been working towards the prospect of strengthening the bonds between Fintechs and Mobile Network Operators. This is going to be done with a focus on phasing out the scratch card airtime purchases and giving more focus to digital transactions.

Digitised distribution channels reduce the costs incurred by mobile phone operators to produce and distribute scratch cards throughout the country. Digital recharge platforms also contribute to reduction of fraud and make it easier for the Zambia Revenue Authority to collect taxes as it becomes easier to determine the actual airtime sold by MNOs.

Felix Mutati, Minister of Science and Technology

The use of electronic methods is a direct top-up which is quick, safe and easy since the agent sends the top-up value directly to the phone and the customers will not have to type the twelve digit numbers anymore.

Bart Hofker, Chairperson and MTN Zambia CEO, GSMAZ

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