Phone-based mobile money platforms ban: RBZ makes dramatic u-turn, tightens screws on mobile money

Reserve Bank of Zimbabwe governor John Panonetsa Mangudya said mobile money platforms such as EcoCash, Telecash and OneMoney will continue operating normally, albeit with some transactions suspended. In a statement, Mangudya said all mobile money agents are suspended from facilitating cash-in and cash-out transactions and all merchant transactions are suspended except for receiving payments for […]