It is by now well recognised that the first factor – and the driving force behind the substantial rise in financial leverage – was a significant excess of savings over investment in the global economy which, in time, drove an increasingly aggressive “hunt for yield”.
The new Point of Sale terminals also have value added functions, which will enable customers to pay for goods and services, to purchase airtime and mobile telephone top-ups, to pay utility bills and at selected sites, to obtain cash advances. Merchants will receive a credit on their collection account at close of business each day for all transactions executed during the day.