Strengthen RTGS system: Experts

AN Information and Communication Technology (ICT) expert has called for the further strengthening of the Real Time Gross Settlement (RTGS) amid revelations that a total of 2,5 million transactions valued at $27,4 billion were settled through the platform in the first half of the year.

RTGS transactions worth $48 billion were recorded in 2016 as it is becoming an easy alternative, due to the cash shortages prevailing in the country.

Despite the existence of other forms of payment such as point of sale, internet, mobile, cheque and ATMs, RTGS transactions are ruling the roost.

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