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Wireless

Econet complies with RBZ directive on mobile money

Thursday 27 August 2020 | 15:00 CET | News
Zimbabwe operator Econet has abolished mobile money agents and reduced to a maximum of ZWD 5,000 per day all individual EcoCash transactions in compliance with a directive from the Reserve Bank of Zimbabwe (RBZ). In a statement, Econet said it has been directed by the monetary authority to implement the measures, including reducing the EcoCash line to one client while merchants and billers will continue to accept EcoCash payments from customers. 

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Categories: Mobile & Wireless
Companies: Econet
Countries: Zimbabwe
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