Question
1.11 Read the following extract and answer the question that follows. Cellulant unveils a digital payments platform for retailers in Zambia In an effort to
1.11 Read the following extract and answer the question that follows. Cellulant unveils a digital payments platform for retailers in Zambia In an effort to foster growth for both the formal and informal sector in Zambia, Pan-African Payments business Cellulant has rolled out Tingg, a digital payments platform enabling businesses and their consumers to accept and make payments seamlessly. In Zambia, where multiple mobile money players are fighting for market share, merchants and retailers have set up fragmented payment processes, contracts and accounts to accept all forms of payments. Cellulant is addressing this fragmentation in payment processing for retailers by rolling out Tingg, a digital payments platform enabling businesses across Zambia to accept payments from their customers seamlessly. Source: https://www.intelligentcio.com/africa/2021/07/14/cellulant-unveils-a-digital-payments-platform-for-retailers-in-zambia/# Accessed: 16/03/2022 The impact of the above decisions by Cellulant will have its impact on... (4 Marks) a) ...the M1 measure of money. b) ...the M2 measure of money. c) ...the M3 measure of money. d) ...medium-term deposits of the domestic private sector with monetary institutions. 1.12
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