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. Currently, shoppers whose purchases don't add up to a whole-dollar amount are often forced either to buy an…
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