Botswana’s citizens are increasingly choosing electronic transfers over cheques to make payments, according to the country’s central bank governor. Mohohlo advised that although banknotes and coins continue to be a major medium of exchange in Botswana, non-cash transactions, especially electronic transfers, have gained considerable ground.
“The result is that the average monthly cheque payments have declined by over 50% to about P3 billion in the five years to 2013,” Mohohlo
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