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Home Rwanda

400K Rwanda coffee farmers to adopt cashless system

Taarifa Rwanda by Taarifa Rwanda
September 14, 2021
in Africa, Coffee, Fintech, Rwanda
Reading Time: 1 min read
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About 400,000 coffee farmers in Rwanda are being targeted to embrace a cashless payment system facilitated by Bank of Kigali.

On Friday, Bank of Kigali through IKOFI integration with Smart Kungahara System (SKS) said it expected to serve more than 300 coffee washing stations, with a target market size of more than 400,000 coffee farmers.

“Through our partnership with RWACOF, we enabled coffee farmers to embrace cashless means of payment. We believe in digital transformation for everybody including farmers. These telephones will significantly help famers to adopt a more digital lifestyle,”said ⁦⁦Diane Karusisi the CEO Bank of Kigali.

Also read: Rwanda to develop vaccine manufacturing capacity after partnering with IFC

According to BK, currently, 1,767 agro dealers and 263,691 farmers are active IKOFI wallet users benefiting from the service by digitally paying for their agro-inputs through mobile phones, conveniently paying for other services such as Irembo, RRA, WASAC, all done through *334*2#.

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Source: Taarifa Rwanda
Tags: 400K Rwanda coffee farmers to adopt cashless systemagricultureBank of KigaliFeaturefintechIKOFI integrationIremboRRARwandaSmart Kungahara SystemTechWasacруандаروانداルワンダ卢旺达
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Taarifa Rwanda

Taarifa Rwanda

Taarifa is a Rwandan news media house established to play a role in shaping the global agenda through telling Africa’s true stories by delivering quick, in-depth and exclusive news on issues and events affecting Africa’s political, economic and social landscape.

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