Firm changes name, activities

Zimbabwe Stock Exchange-listed financial services group, GetBucks yesterday said it has changed its name to GetBucks Microfinance Bank.

GetBucks chief finance officer Paul Soko said the change in name was necessitated by a change in activities.

Mr Shoko said the financial institution had already launched transactional accounts, savings accounts and within the coming weeks it would introduce Zimswitch.

“We are a full participant of the RTGs so we are really looking forward to extending our services to the banking public. As you are aware at this point in time where it has become difficult for some people to get cash, we are also looking at electronic means of facilitating our customers to transact and because our focus is financial technology, we are really keen on using technology to extend financial services to our customers,” he said. “So very soon we should also look up for some very interesting technology driven products that will be unique,” he said.

He said the services would be exceptional on the local market as they are supported by their group company, MyBucks which is listed on the Frankfurt Stock Exchange. Mr Shoko said the main focus would be to use existing agency network and technology for people to access its services.

“So our focus is not going to be on a brick and mortar structures but we want people to use technology, smartphones and the internet, to access our services,” he said adding that since they were a financial technology player they would be rolling out services that take advantage of technology which had become a global trend in financial transactions. — New Ziana.