0
Wireless

Zimbabwean mobile money transactions fall 9% in Q1

Wednesday 10 June 2020 | 11:01 CET | News
The number of mobile money transactions conducted between January and March 2020 in Zimbabwe fell by 9 percent to 469 million from 517 million in Q4 2019, according to regulator POTRAZ. Cash deposit values dropped by 5.9 percent from the fourth quarter to ZWD 6.19 billion and cash withdrawal values declined by 14 percent to ZWD 5.8 billion in Q1. 

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 / NetOne / POTRAZ / Telecel
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, Steward Bank launch paperless account sign-ups

Published 26 Feb 2021 13:45 CET | Zimbabwe
Cassava Smartech Zimbabwe arms EcoCash and Steward Bank have launched a platform for Econet mobile subscribers to open bank ...

Econet to revise data bundle prices

Published 01 Sep 2020 10:58 CET | Zimbabwe
Zimbabwe's Econet Wireless has advised its customers that it will review its data bundle prices in the wake of mounting costs and ...

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 ...

EcoCash suspends agent, bulk payer lines in compliance with RBZ directive

Published 30 Jun 2020 10:33 CET | Zimbabwe
EcoCash says its entire agent and bulk payer lines have been suspended until further notice in compliance with the Reserve Bank ...

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 ...