adminglobally, an official has said.
The difference between Visa Electron and Visa Debit is that payments with the former requires all the funds to be available at the time of transfer, meaning that accounts may not be overdrawn, while the latter allows transfers exceeding available funds up to a certain limit.
The modern card works in more than 160 countries.
In a statement, CABS said currency would be pre-loaded to minimise impulse buying.
“ATM withdrawal functionality allows instant cash access to the local currency of the country you are in, from more than one million Visa ATMs in over 160 countries,” the building society said.
CABS said the debit card enabled purchases to be made wherever the Visa Electron symbol was displayed, including shops, retail outlets, restaurants and hotels.
Various banks in Zimbabwe have taken up Visa cards and mobile banking services aimed at meeting international requirements.
However, more than US$2,5 billion is still circulating outside the banking sector, a situation that is contributing to the current liquidity crunch. – New Ziana.
Online Reporter
- Herald
- July 31, 2026
- 18 views
Economy: Growth signs visible
Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…
