PAYNET LOSES US$100M LAWSUIT AGAINST BANKS
PAYNET Zimbabwe (Pvt) Ltd, a subsidiary of Mauritius
registered firm, Payserv Africa Limited, has lost a US$100 million lawsuit
against the Bankers Association of Zimbabwe (BAZ) following a dispute over the
use of the company’s software to process pa…
PAYNET Zimbabwe (Pvt) Ltd, a subsidiary of Mauritius
registered firm, Payserv Africa Limited, has lost a US$100 million lawsuit
against the Bankers Association of Zimbabwe (BAZ) following a dispute over the
use of the company’s software to process payments.
BAZ, represented by Thabani Mpofu, won the case with costs
against Paynet at the High Court after Justice Edith Mushore upheld an