International Journal of Marketing & Financial Management

International Journal of Marketing & Financial Management

Print ISSN : 2349 –2546

Online ISSN : 2348 –3954

Frequency : Monthly

Current Issue : Volume 6 , Issue 1
2018

TOWARDS A CASHLESS ZIMBABWE: AN EMPIRICAL ANALYSIS

Thabani Nyoni

Department of Economics, University of Zimbabwe, Harare-Zimbabwe

DOI : Page No : 32-44

Published Online : 2018-01-30

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ABSTRACT

                  “             This study seeks to empirically examine the benefits and convenience of the cashless economy in Zimbabwe. To achieve its objectives, the study employed a qualitative research approach, in which accidental sampling technique was employed. The results indicate that the emergence of the cashless economy paradigm in Zimbabwe has posed benefits to economic agents. However, results also indicate that cashless payment platforms in Zimbabwe are not yet efficient as anticipated. Amongst other policy prescriptions, the study recommends the provision of necessary infrastructural facilities such as POS vending machines that support and facilitate the smooth flow of the cashless society.

 

Key Words: Cashless economy, electronic payment systems, information technology, Zimbabwe