In Zimbabwe, retailers give shoppers airtime instead of change

In Zimbabwe, retailers give shoppers airtime instead of change

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Following the abandonment of the Zimbabwean dollar back in 2009, numerous hard currencies can be used to pay for goods in Zimbabwe, including the widely preferred US dollar. A problem arises, however, when consumers’ purchases fall short of a whole-dollar amount, because small change is in chronically short supply in the nation. Aiming to provide a new solution to this problem, local startup Yo Time offers an internet platform that allows retailers to give change in the form of mobile airtime instead.