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eKash Payment System Sees Surge in Use | Markets & Money News
In Rwanda, the eKash instant payment system has experienced explosive growth, with transactions soaring from 140,000 to one million monthly in just two months. Associated transaction value surged from seven million to approximately 1.5 billion dollars. The National Bank of Rwanda is prioritizing payments as a public good, simplifying the process and capping fees at just 20 francs. They are also enhancing cross-border payment capabilities, linking eKash with Tanzania's system, ultimately
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