0
Wireless

EcoCash goes to court over demand to freeze accounts of agents suspected of illegal forex links

Monday 11 May 2020 | 10:37 CET | News
Money transfer service EcoCash is going to court over the central bank directive to freeze agent accounts, ITWeb reported. The Reserve Bank of Zimbabwe (RBZ) has directed that mobile money operators should freeze the lines of agents accused of fueling illegal foreign currency trade. EcoCash, the most popular platform, argues that the directive is inconveniencing its 11 million subscribers.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Econet / TelOne
Countries: Zimbabwe
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ecocash warns of duplicate account deletions on 25 September

Published 24 Sep 2020 09:58 CET | Zimbabwe
Zimbabwean mobile money wallet Ecocash has announced that all multiple account holders will be deleted from the system after 25 ...

Zimbabwean mobile money and banking service providers must connect with ZimSwitch by 15 August

Published 23 Jul 2020 10:50 CET | Zimbabwe
Zimbabwean mobile money and mobile banking service providers have been ordered to connect with the Zimswitch national payment ...

Zimbabwe police probes Econet for suspected money laundering

Published 20 Jul 2020 09:22 CET | Zimbabwe
Zimbabwean police are investigating Econet Wireless for suspected money laundering, AFP reported citing a search warrant issued ...

Zimbabwean government gazettes new mobile money laws

Published 30 Jun 2020 10:38 CET | Zimbabwe
The Zimbabwean government has gazetted a Statutory Instrument (SI) to regulate mobile banking and money following the decision to ...

Zimbabwe suspends all mobile money transactions over suspected malpractice

Published 29 Jun 2020 09:44 CET | Zimbabwe
The Zimbabwean government has, with immediate effect, suspended all monetary transactions on mobile money platforms, reported New ...

EcoCash directors face central bank money laundering charges over cash agent forex suspicions

Published 26 May 2020 11:18 CET | Zimbabwe
Directors of Zimbabwean mobile money platform EcoCash are facing central bank charges for failing to disconnect agent lines ...

Mobile money dominates Zimbabwe payment system in March

Published 05 May 2020 10:35 CET | Zimbabwe
Mobile money volumes dominated Zimbabwe's National Payment Systems (NPS) in March, the latest Reserve Bank of Zimbabwe (RBZ) ...

Zimbabwean govt picks NetOne as channel for coronavirus grants for up to 4 mln people

Published 15 Apr 2020 10:27 CET | Zimbabwe
Zimbabwean operator NetOne says it will add 4 million customers after the government decreed that nearly 4 million beneficiaries ...

EcoCash scraps transfer fees for Covid-19 relief cash

Published 14 Apr 2020 11:24 CET | Zimbabwe
Zimbabwean operator Econet's money transfer service EcoCash has removed all processing fees for cash transfers designated as ...

EcoCash increases transaction limits

Published 27 Mar 2020 08:31 CET | Zimbabwe
Econet Zimbabwe's EcoCash has increased daily and monthly transaction limits for merchants or bill payments and for single ...

Econet's Cassava Smartech says hyperinflation, subdued demand hit 9 months to November

Published 28 Jan 2020 10:58 CET | Zimbabwe
Econet Wireless Zimbabwe subsidiary Cassava Smartech said the reemergence of the hyperinflationary environment, dwindling ...





Calendar   /   Industry Events

26 Oct Cabsat
26 Oct MWC Los Angeles
27 Oct Android Dev Summit
28 Oct Millicom Q3 2021
28 Oct CyrusOne Q3
28 Oct Telefonica Brasil Q3
28 Oct Rovio Q3 2021
28 Oct MTN Nigeria Q3 2021
28 Oct STMicroelectronics Q3
28 Oct Comcast Q3
28 Oct Nokia Q3 2021
28 Oct Telenor Q3 2021
28 Oct Swisscom Q3 2021
28 Oct American Tower Corporation Q3
28 Oct Poly fiscal Q2
28 Oct HKBN FY results
28 Oct Amazon Q3
28 Oct Samsung Electronics Q3 2021
28 Oct CoreSite Q3 2021
28 Oct Airtel Africa Q3 2021
28 Oct Veon Q3 2021
28 Oct Apple fiscal Q3
28 Oct Telenet Q3 2021
28 Oct Cellnex Q3 2021
28 Oct Berec stakeholders forum
28 Oct Facebook Connect
29 Oct Proximus Q3 2021
29 Oct Tecnotree Q3 results
29 Oct Charter Communications Q3
29 Oct Shaw Communications fiscal Q3
29 Oct NEC fiscal Q2
29 Oct Shentel Q3 2021
::: More Calendar Items