Tremendous potential for e-payments in Botswana

Botswana’s  President, Lt Gen. Seretse Khama Ian Khama, says the emergence of electronic money has tremendous potential to make financial services more accessible and inclusive.

He was speaking at the launch of new family of Botswana coins in Gaborone.

The President noted that Botswana’s banking sector remained stable and profitable.

The President added that the use of ICTs had enhanced the security and timeliness of both government and business transactions, citing that Botswana Unified Revenue Service was now on line with the Real Time Gross Settlement System, saying it permits real time management of all tax transactions.