Zimswitch couldn’t speak on behalf of the banks but indicated that the
banks are keen to sign up merchants into their pilot if there’s
demonstrable business already taking place.
So much for "empowerment".
Most developers in Zimbabwe are not companies but sole proprietors and partnerships to the extent that "existing business" is hardly a viable condition.
There are so many barriers to this thing being adopted by many web developers. The banks also have their own stringent conditions.
And just what "demonstrable" business taking place do they expect when there was no online/electronic/web-based payments platform in Zimbabwe. This is nonsense. They must simply let people connect and if they make money then good. I would not be urpised if this thing ends up a thing for big companies like Zesa like in the case with kingdom's ebanking platform powered by eTranzact.
If i can ask someone to pay me by depositing money directly into my personal bank account without any proof of "demonstrable business", then why the heck is "demonstrable business" a requirement with vPayments?
"demonstrable business" discourages the set up of completely new businesses.
Unless perhaps I misinterpreted the term "demonstrable business"
