The advent of various banking platforms in Zimbabwe has provided an alternative basis for industry and commerce to undertake smooth transactions.
However, with most people not getting used to new payment systems, the need to promote awareness of financial services, decentralisation of banking activities to rural areas and ensure low withdrawal charges have been cited as key to the economic activity of farmers.
An expert, Mr Tendai Chinamasa said regulatory authorities should therefore focus on cost effective methods of transactions to enable farmers to access their funds.
Another expert, Mr David Machingaidze said there is need to ensure that banking facilities are decentralised to all parts of the country, says an agriculture expert.
An industrialist, Mr Cephas Mawushe said effective awareness systems on the use of alternative payment methods is also critical to facilitate smooth payment systems for the farmers.
Monetary authorities have reaffirmed their commitment to ensuring smooth payment systems for farmers as well as urging them to embrace plastic money and mobile payment platforms.