KYC Lite Accounts

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Zimbabwe’s central bank is prioritising KYC-lite accounts again: Will it work this time around?

The Reserve Bank of Zimbabwe recently encouraged financial institutions in the country to prioritise low-cost bank accounts in a move to incentivise use of digital payment channels over cash: Financial institutions are encouraged to scale up financial inclusion through opening of more no-frills (low-cost) accounts. This measure will promote usage of banking services and financial […]

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