Zimbabwe anti-graft body probes Ecocash agents over high cash-out premiums

Thursday 19 September 2019 | 10:23 CET | News
The Zimbabwe Anti-Corruption Commission (ZACC) has announced that it has opened investigations into Econet's mobile money transfer subsidiary Ecocash, reports the New Zimbabwe. This follows an outcry by the public over exorbitant fees charged by Ecocash agents for withdrawals, it said. Ecocash agents now charge premiums as high as 50 percent and 60 percent for converting Ecocash balances into cash and while the commission goes to Ecocash, the agents keep the rest.

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Categories: Mobile & Wireless
Companies: Econet
Countries: Zimbabwe
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