By BUUMBA CHIMBULUVILLAGE banking groups should embrace digital payment platforms as a way of avoiding theft and loss of funds, says Bankers Association of Zambia (BAZ) Research and Communications Officer, Precious Kalusha.Ms Kalusha indicated that embracing digital payment platforms would enable the groups avoid theft and loss of funds.She said the groups could leverage on other products and services within the financial services sector for efficient transactions.Ms Kalusha said Financial Service Providers (FSPs) had continued to develop products to meet the need of groups such as introduction of village banking accounts.“FSPs will continue to customize products and services to suit the financial services needs of the different segments of the economy,” she said in her write up on Transforming Industry, Developing Zambia.Ms Kalusha advised village banking groups to avoid giving out loans beyond one’s repayment capacity.She stressed the need to ensure they agreed on clear rules and a constitution with guidelines on how to make […]
‘DIGITAL PLATFORMS KEY FOR VILLAGE BANKING’
