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JUST IN: Trust is key for digital economy – Mutandagayi

30 May, 2019 - 17:05 0 Views
JUST IN: Trust is key for digital economy – Mutandagayi Mr Ronald Mutandagayi

The Herald

Costa Mano in Nyanga
Trust is the key ingredient and key asset of a successful digital economy which must be underpinned by sound risk management and secure digital platforms.

Speaking on Thursday in his keynote address at the ongoing Zimswitch Payments Conference in Nyanga, ZB Financial Holdings group chief executive Mr Ronald Mutandagayi said as part of the national financial inclusion strategy, financial market infrastructure like Zimswitch were required to ensure consumer protection, education and awareness, which invariably creates an atmosphere of trust and confidence in electronic payments systems.

“As many of you would be aware, in the February 2019 Monetary Policy Statement, the Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya emphasised security in the use of electronic means of payments and directed for the adoption EMV  (Europay, MasterCard, Visa) compliance by 31 March 2019.

“This is aimed at ensuring our payments landscape maintains customer confidence and trust. The timing of this conference is opportune for our participants. Stemming from the Governor’s pronouncements, Zimswitch has set out an EMV roadmap for the country in line with the RBZ mandate,” said Mr Mutandagayi.

Mr Mutandagayi said the conference had been organised to facilitate the exchange of information and views on an array of topics to enable the sustained use of electronic systems in Zimbabwe.

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