Barclays Bank Activates Visa Facilities On ATMs

Tue. September 29, 2009; Posted: 04:04 AM

Harare, Sep 29, 2009 (The Herald/All Africa Global Media via COMTEX) -- BCBEY | Quote | Chart | News | PowerRating -- BARCLAYS Zimbabwe has started providing Visa facilities on their automated teller machines for individuals who hold Visa-branded cards issued by other banks.

Holders of Visa-branded cards issued by banks outside Zimbabwe that are international can withdraw US dollars cash from Barclays ATMs countrywide.

The accessibility of Visa on Barclays ATMs has globalised the Zimbabwean banking environment and provided tourists with a financial solution away from home.

Commenting on the activation of Visa on all Barclays ATMs, Barclays acting managing director, Mr Lawrence Nyazema, said: "This is a good achievement, not only for Barclays, but for all sectors as this allows visitors coming into Zimbabwe to access banking services via the ATM.

This has been a key issue since the economy dollarised, and it is pleasing that Barclays has been able to contribute to making Zimbabwe an easier destination to visit."

Barclays retail director, Mr Francis Ruwanda, added: "Our partnership with Visa has allowed us to offer service convenience to all Visa card holders, including Zimbabweans with offshore accounts."

The dollarisation of the economy without the use of international credit cards has discouraged international tourists from visiting the country.

Zimbabwe's tourism sector, like almost all other sectors of the economy, is operating on a cash basis but most international tourists prefer to use plastic money.

In most cases, up to 99 percent of international tourists rely on plastic money.

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