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Zimbabwean government gazettes new mobile money laws

Tuesday 30 June 2020 | 10:38 CET | News
The Zimbabwean government has gazetted a Statutory Instrument (SI) to regulate mobile banking and money following the decision to suspend all monetary transactions on phone-based platforms and the Zimbabwe Stock Exchange (ZSE), the Daily News reported. The government has accused mobile platforms and the ZSE of fuelling the foreign currency black market, which has seen the Zimbabwe dollar plummet on a daily basis. The recently launched exchange system has failed to tame the amorphous parallel market, said Daily News.

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Categories: Mobile & Wireless
Countries: Zimbabwe
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