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.
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#.