More businesses acquire POS machines

As part of the initiative, local authorities were directed to grant new or renew operating licences only for businesses with functional POS machines and registered bank accounts.

THERE has been a steady increase in the adoption of point-of-sale (POS) machines by local businesses in line with government efforts to encourage the use of formal banking channels and improve tax compliance, the Bankers Association of Zimbabwe (BAZ) has said.This follows a government directive in January this year, which made it mandatory for all…

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