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RBZ bans bulk airtime sales
RESERVE Bank of Zimbabwe has banned on bulk airtime sales, ordering telecommunications service providers to stagger reduction of physical airtime sales to 10% in a bid to contain illicit foreign curre...Published: 26 Oct 2021 at 06:35hrs | 4 | by Staff reporter
Mobile money transactions drop 23%
The total number of mobile money transactions processed in 2020 went down by 23 percent to record $1,5 billion from $1,96 billion recorded in 2019 as active mobile money subscriptions also took a dip....Published: 01 Apr 2021 at 06:58hrs | 5 | by Staff reporter
RBZ acts on money transfer agents' consumer rip-off
THE Reserve Bank of Zimbabwe (RBZ) is battling to resolve the issue of depositors being ripped off by mobile money transfer agents when cashing out. This emerged on Tuesday during a consumer a...Published: 23 Aug 2019 at 07:33hrs | 1 | by Staff reporter
EcoCash agents make a killing
ECOCASH agents have turned their booths into illegal selling points of cash at exorbitant premiums ranging from 30 to 40 percent. For one to get bond coins and notes from EcoCash agents, he or...Published: 13 Aug 2019 at 07:06hrs | 1 | by Staff reporter
Mthuli Ncube closes illegal forex tap on mobile money
THE transfer of funds from mobile money transfer agents to recipients will now be subjected to taxation as Treasury moves to plug out rampant illegal foreign currency deals being conducted via the cas...Published: 03 Aug 2019 at 09:44hrs | | by Staff reporter
Zimbabwe receives $3bn foreign currency inflows
ZIMBABWE has received about $3 billion foreign currency inflows in the first half of the year and stands a chance to generate more through increased exports.Reserve Bank Governor Dr John Mangu...Published: 26 Jul 2019 at 08:48hrs | | by Staff reporter
OneMoney records a 32,7% increase in subscribers
NETONE's mobile money platform, OneMoney, recorded a 32,7 percent increase in subscribers to 241 566 in the fourth quarter to December 31, 2018 from 181 990 in the previous quarter, latest data show....Published: 21 Mar 2019 at 19:12hrs | | by Staff reporter
Can the Zimbabwe currency situation be solved using innovative technology?
Zimbabwe has been ravaged by price increases and shortages of basic commodities such as fuel. A new technology business, ZIMBOCASH, says the direct cause of these challenges is money printing. ZIMBOCA...Published: 19 Feb 2019 at 11:37hrs | 1512 | by Agencies
Bank cashier in court over $1m fraud, money-laundering
A FIRST Bank cashier stationed in Harare yesterday appeared in court facing fraud and money-laundering charges involving $1 million.Bangiso Shield Tafirei (30) appeared before Harare magistrat...Published: 13 Feb 2019 at 08:46hrs | | by Staff reporter
Econet slams greedy agents
Mobile telecommunication company Econet Wireless Zimbabwe has disowned agents who are charging punitive rates to the transacting public.A snap survey by The Herald in Mutare showed that some u...Published: 29 Mar 2018 at 06:38hrs | | by Staff reporter
NetOne set to launch mobile money, debit card
NETONE is set to unveil its mobile money service and a Zimswitch-enabled debit card by month end, as the country's second largest mobile operator expands its product range in the competitive telecoms ...Published: 11 Oct 2017 at 09:35hrs | | by Staff Reporter
EcoSure clients cry foul
ECOSURE subscribers yesterday accused Econet of short-changing them saying the company was failing to give them their money upon bereavement as agreed.Speaking in Bulawayo during a meeting...Published: 11 Apr 2017 at 06:39hrs | | by Staff reporter
No end in sight to Zimbabwe cash crisis
A conversation between old friends: "Mr Moyo, how are your children and where are they?" Moyo responded: "Eldest son is in Steward Bank. His wife is at POSB. "Second son is at NMB and his wife is ...Published: 12 Mar 2017 at 09:05hrs | | by Staff reporter
No end in sight to Zimbabwe cash crisis
A conversation between old friends: "Mr Moyo, how are your children and where are they?" Moyo responded: "Eldest son is in Steward Bank. His wife is at POSB. "Second son is at NMB and his wife is ...Published: 12 Mar 2017 at 09:04hrs | | by Staff reporter
EcoCash unveils a Rand wallet
Econet Wireless Zimbabwe's mobile money platform, EcoCash, has unveiled a Rand wallet which allows transactions in the South African currency only. The wallet will be separate from the USD wallet ...Published: 08 Dec 2016 at 10:43hrs | | by Staff reporter
Cash burning is back.
CASH burning which was popular during the hyperinflation era of around 2007, is back in Bulawayo, with cash barons taking advantage of the crippling shortages to sell cash to desperate members of ...Published: 09 Oct 2016 at 07:37hrs | | by Staff reporter
Mobile money limits capped at $10
SOME mobile money transfer service agents in Bulawayo have capped cash-out limits to a maximum of $10 per transaction as the cash crisis intensifies.According to chronicle, the mobile mone...Published: 06 Oct 2016 at 08:12hrs | 1 | by Staff reporter
Cash shortages cripple mobile money
The prevailing cash shortages have suffocated mobile money subscribers, who are failing to get their money or do cash-out transactions. The crisis, which now makes it almost impossible for...Published: 26 Sep 2016 at 09:13hrs | | by Staff reporter
Telecash reduces tariffs to encourage plastic money use
Telecash, Telecel's mobile money service, has announced a reduction in tariffs on the mobile financial platform. This is in line with recent efforts by authorities to encourage the use of electron...Published: 01 Jul 2016 at 15:24hrs | | by Francis Chimanda
Telecel increases kiosks countrywide
Mobile phone company Telecel Zimbabwe says it has increased its retail presence across the country and now has 500 kiosks that offer a wide range of products and services to its subscribers. B...Published: 18 Dec 2015 at 05:34hrs | | by Staff reporter
Telecel doubles number of kiosks
Telecel Zimbabwe has announced that it has more than doubled its kiosks to bring the total number of kiosks to 200. This is line with its firm long-term plans to compete much more aggressively in this...Published: 30 Sep 2015 at 09:50hrs | | by Francis Chimanda
EcoCash to start SA - Zimbabwe cross border remittances
The South African Reserve Bank (Sarb) now allows remittances into Zimbabwe using the EcoCash mobile money platform, Econet Wireless said late Thursday afternoon.According to ...Published: 12 Jun 2015 at 10:51hrs | | by Staff reporter
FNB remittances to Zimbabwe expands by 102%
FNB's Money Transfer service to Zimbabwe has seen cross-border money sending double in the past year, the bank said.According to Businesstech, the service, which launched on Cellphone Banking ...Published: 01 Apr 2015 at 09:46hrs | | by Staff reporter
Zimbabwe's ATMs allow cardless transactions
Zimbabwe's Econet Wireless has switched on airtime purchases and cardless mobile money transactions on automated teller machines (ATMs) owned by Steward Bank, which it controls, ...Published: 19 Feb 2015 at 15:06hrs | | by Fin24
TeleCash slashes mobile money fees
Telecash customers can now send money for free to other registered telecash subscribers, following a revision of telecash charges that came into effect last Friday, 22 August 2014.The new tar...Published: 25 Aug 2014 at 16:31hrs | | by Staff reporter
Zimbabwe mobile money transfer service expected to grow
GROWTH in the global mobile phone-based money transfer service is expected to reach over US$860 billion worth of transactions by next year.Speaking at the just ended Marketers Association of Z...Published: 28 Oct 2011 at 05:12hrs | | by -
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