Thu, 13 Apr 2017 08:27:47 +0000 By Sheila Sakupwanya THE Bank of Zambia (BoZ) has appealed to all financial service providers to review their pricing structures in order to make financial services more affordable to the majority Zambians. The high cost of electronic payment services has been cited as a reason for the reluctance by the majority to adopt them. BoZ Governor Denny Kalyalya said this at the launch of Stanbic Bank and MTN ‘‘Bank for free service’’ product held at Taj Pamodzi hotel yesterday. The ‘‘bank for free service’’ is a Stanbic and MTN product that would allow MTN customers to access its partner banks online banking sites and mobile banking applications at no data cost. Dr Kalyalya said a reduction in the transaction fees for electronic payment methods would encourage further usage of these systems, thereby increasing the volumes that were processed on them. “Our expectation is that initiatives like the […]
