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Rwanda: 2020 Was Pivotal for Rwanda's Cash-Free Future


Rwanda: 2020 Was Pivotal for Rwanda s Cash-Free Future
29 December 2020
By Edwin Ashimwe
For the most part, there is not a lot of positivity to highlight about 2020, a year that was largely termed as Covid-19 pandemic dominated.
Globally, the pandemic halted businesses, workers were laid off, social gatherings were prohibited, in person class sessions were suspended, among the other unprecedented events.
On a flip side however, in Rwanda, the Covid-19 pandemic necessitated the public to embrace digital payments, as the country envisions a cashless and paperless economy by 2024.
An annual report from the Central Bank released last month indicated that the level of retail e-payment to GDP rose to 54 per cent from last year s 34.6 per cent. ....

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