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NetOne loses ZiG285 000 to hacker
NetOne Cellular allegedly lost ZiG285,817 to a suspected hacker who exploited the RTGS to ZiG currency conversion from April this year. Takunda Gwaranda (21) appeared before Harare magistrate Mr. Denn...Published: 28 Jun 2024 at 07:39hrs | 6 | by Staff reporter
Hackers fleece NetOne during transition to ZiG
Two men from Kambuzuma, Harare, Martin Learnmore Gona (31) and Uwen Gonyora (34), were reported by NetOne (Pvt) Limited for allegedly hacking into its system and stealing over ZiG1 million last month ...Published: 13 Jun 2024 at 07:03hrs | 7 | by Staff reporter
Zimbabwe's new ZiG currency strengthens on second day of trading
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit.It gai...Published: 10 Apr 2024 at 06:05hrs | 5 | by Staff reporter
Zimswitch, EcoCash roll out new currency
FOLLOWING the unveiling of the new currency last Friday, the country's sole national payments platform and clearing house, Zimswitch, yesterday announced that it had completed the rollout of the ZiG p...Published: 09 Apr 2024 at 06:18hrs | 1 | by Staff reporter
Econet announces preps for changeover from Zimdollar to ZiG
Econet Wireless Zimbabwe has announced that it has suspended trading in the ZWL currency as it works to configure the changeover from ZWL to the new ZiG currency on its various product platforms. ...Published: 07 Apr 2024 at 10:08hrs | | by Staff reporter
Zimbabwe's new currency notes out this week
ZIMBABWEANS were transacting exclusively in United States dollars yesterday as the country began transitioning to the new currency — Zimbabwe Gold (ZiG) — following unveiling of the new gold-backe...Published: 07 Apr 2024 at 10:06hrs | 1 | by Staff reporter
Zanu-PF shuts door on gatecrashers
Zanu-PF plans to address gatecrashers and ensure the authenticity of its members by introducing mandatory ICT-linked membership cards. The Central Committee report highlights that the digitalization o...Published: 02 Nov 2023 at 05:42hrs | 5 | by Staff reporter
Zimbabwe gold-backed tokens enter market
Zimbabwe Gold (ZiG), the digital tokens backed by gold, has gained approval as a legitimate means of payment for domestic transactions, effective immediately. Transactions involving ZiG will be proces...Published: 06 Oct 2023 at 06:32hrs | 1 | by Staff reporter
Masarira sues Zec over rejected nomination
OPPOSITION Labour, Economists and African Democrats presidential candidate Linda Masarira has taken the Zimbabwe Electoral Commission (Zec) to court for rejecting her nomination papers on Wednesday af...Published: 26 Jun 2023 at 06:51hrs | 1 | by Staff reporter
O'mari takes on EcoCash
FINANCIAL services giant, Old Mutual Zimbabwe Limited (OMZL), through Old Mutual Digital Services (OMDS), has launched O'mari, a business unit that will provide mobile money services, insurtech, inves...Published: 26 May 2023 at 06:37hrs | | by Staff reporter
OyOs announces official release of the OyOs Online Stores and the OyOs Chatbot
OyOs hereby announces the official release of two top of the range IT related products onto the Zimbabwean digital space, OyOs Online Store and the OyOsBOt. OyOs standing for Own Your Online Store is ...Published: 08 Mar 2023 at 22:28hrs | 18 | by Agencies
Kenyan hacker syphons $20M from Zimdef bank account
A KENYAN national yesterday appeared at the Harare Magistrates Court charged with hacking the Zimbabwe Manpower Development Fund (Zimdef) systems and syphoning $20 million from its bank account....Published: 06 Jan 2023 at 16:49hrs | 12 | by Staff Reporter
EcoCash banks on disruptive innovations
EcoCash Holdings has said it will continue to disrupt and challenge the status quo in the digital services space by leveraging data analytics and artificial intelligence.Group chief executive ...Published: 10 Oct 2022 at 06:06hrs | 2 | by Staff reporter
Mnangagwa knows price of bread - says Ministry
Information Ministry Permanent secretary Nick Mangwana on Wednesday released a clip of President Emmerson Mnangagwa grocery shopping, noting that the Zanu-PF leader used Zimbabwe dollars and was aware...Published: 29 Jun 2022 at 20:32hrs | 8 | by Staff reporter
Zinara moves to weed out corruption
A LEGACY of corruption and operational challenges at tollgates has tainted the Zimbabwe National Road Administration (Zinara)'s corporate image.NewsDay (ND) chief reporter Taurai Mangudhla int...Published: 13 Jun 2022 at 06:46hrs | 6 | by Staff reporter
RBZ to launch collateral registry
THE Reserve Bank of Zimbabwe (RBZ) says the collateral registry, a record keeping system for the existence of security, would be launched by the third quarter of this year. The collateral regi...Published: 19 May 2022 at 06:31hrs | | by Staff reporter
GMB rebrands
Grain Marketing Board (GMB) has embarked on a rebranding exercise that will see it changing its image and mandate.The changes reflect the organisation's evolution from a predominantly grain st...Published: 03 Oct 2021 at 08:07hrs | 6 | by Staff reporter
Zimbabwe back to trillion-figure era
THE Reserve Bank of Zimbabwe (RBZ) says the value of transactions processed through the national payment systems hit the $1,24 trillion mark during first quarter of this year, rising by 9% from $1,13 ...Published: 09 Jun 2021 at 07:18hrs | | by Staff reporter
ZimSwitch partners with Visa in ZImbabwe
Zimswitch, Zimbabwe's designated national switch and clearing house, has announced that it has partnered with Visa to help enable more Zimbabweans and businesses to make and receive secure and seamles...Published: 05 May 2021 at 15:26hrs | 4 | by Agencies
Rural push spurs NetOne growth
STATE-RUN mobile telecoms firm, NetOne says last year's strategic expansion into outback markets lifted subscribers for its mobile money platform, OneMoney by 500 000, giving it fresh impetus....Published: 04 Apr 2021 at 22:40hrs | | by Staff reporter
Steward Bank in major banking system upgrade
Steward Bank, the largest bank by customer base, is this weekend undertaking its biggest system upgrade since its acquisition from TN Bank in 2013. The Cassava Smartech-owned bank is upgrading...Published: 01 Apr 2021 at 18:46hrs | | by Agencies
OneMoney records growth in subscriptions
State Owned Mobile communications giant NetOne's mobile money platform OneMoney, has witnessed a significant rise in number of new subscribers.This follows the statistics from the just release...Published: 29 Mar 2021 at 18:53hrs | 8 | by Tarisai Mudahondo
Card cloner faces arrest
James Malolo (56) from Emthunzini was arrested on Wednesday for shopping sprees using cloned bank cards.He was found with 78 active Zim...Published: 19 Mar 2021 at 13:18hrs | | by Tarisai Mudahondo
'Zimbabwe inflation fall no cause for celebration'
ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high."The ...Published: 15 Jan 2021 at 07:49hrs | 1 | by Staff reporter
Stanchart in eye of storm over Mthuli Ncube tax
Standard Chartered Bank Zimbabwe has been criticised for its plans to unilaterally recover from customers uncollected transaction taxes, dating back two years, in just three months. For unknow...Published: 17 Dec 2020 at 06:52hrs | 1 | by Staff reporter
Bold revamp doubles EcoCash capacity
AN extensive revamp of the EcoCash platform that sent markets into complete turmoil in November last year doubled the mobile money transfer operation's capacity to 450 transactions per second, accordi...Published: 06 Dec 2020 at 08:36hrs | | by Staff reporter
EcoCash revenue continues to dwindle
CASSAVA Smartech Zimbabwe Limited's subsidiary EcoCash's revenue contributions to the group continue to dwindle following recent operating measures effected by the Reserve Bank of Zimbabwe (RBZ) to cu...Published: 02 Dec 2020 at 06:13hrs | | by Staff reporter
Strict RBZ policies on EcoCash result in $2 billion tax revenue decline
GOVERNMENT'S tough decision to throttle leading mobile money transfer agent, Ecocash has backfired with the Zimbabwe Revenue Authority (ZIMRA) recording a $1.9 billion decline on the 2 % revenue tax c...Published: 27 Oct 2020 at 07:03hrs | | by Staff reporter
Zimbabwe inflation eases to 761%
ZIMBABWE'S year-on-year inflation rate for the month of August eased to 761,02% from 837,53% reported in July, the Zimbabwe National Statistics Agency (ZimStat) has said. "The year-on-year inf...Published: 16 Sep 2020 at 06:22hrs | 1 | by Staff reporter
Price stability to force inflation down
The growing price and exchange rate stability following the introduction in June of the forex auction, coupled with a cocktail of measures by the Reserve Bank of Zimbabwe (RBZ) to support the platform...Published: 30 Aug 2020 at 08:27hrs | | by Staff reporter
NetOne awarded Bureau De Change license
Telecommunications giant NetOne has been awarded a license by the Reserve bank of Zimbabwe to operate as a Bureau De Change.Bureau de change is the fastest growing sector in the African financ...Published: 04 Sep 2019 at 10:07hrs | | by Agencies
Zimbabwe banks paying more than the black market rates
THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once ...Published: 02 Jul 2019 at 17:34hrs | | by newzimbabwe.com
Zimbabwe banks dump Paynet
ZIMBABWE banks have dumped Paynet, a subsidiary of Mauritian financial services provider Cambria, as they are developing their own new system expected to be in place mid-July, businessdigest has learn...Published: 30 Jun 2019 at 09:07hrs | | by Staff reporter
NetOne steps in to solve Zimbabwe's financial crisis
State Owned Mobile Telecommunications giant NetOne has stepped in to offer a solution to the salary payments crisis resulting from a dispute between local banks and Mauritian company, Paynet.N...Published: 21 Jun 2019 at 13:16hrs | | by Simbarashe Sithole
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
OneMoney debit card use rises
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 09:49hrs | 3 | by Staff reporter
Forex shortages hit Zimbabwe's payment systems
ZIMBABWE'S payments ecosystem faces collapse as players in the sector are failing to pay licensed and maintenance fees to foreign service providers, Standardbusines has established.In recent w...Published: 17 Mar 2019 at 08:46hrs | 2 | by Staff reporter
'Cassava Smartech initiative way to go'
Lands, Agriculture, Water, Climate and Rural Resettlement Ministry says it highly upholds technological innovations that seek to develop agriculture productivity. This follows advances made by...Published: 06 Nov 2018 at 05:25hrs | | by Staff reporter
Getbucks profit jumps 25% in H1
GetBucks, a deposit-taking microfinance institution listed on the Zimbabwe Exchange, has reported a 25% growth in profit after tax in the first six months of the year, buoyed by a reduction in operati...Published: 04 Oct 2018 at 05:52hrs | | by Staff reporter
OneMoney subscriber base increase by more than 49%
MOBILE telecommunications firm, NetOne, says its mobile financial service - OneMoney - increased its active subscribers by more than 49% in the first quarter of the year, due to the increase in the us...Published: 24 Jul 2018 at 07:03hrs | 1 | by Staff reporter
OneMoney reaches 1million subscribers
THE country's second largest mobile network service provider by subscriber base, NetOne, says up to one million subscribers are now transacting through its OneMoney mobile money platform.Chief...Published: 07 Jun 2018 at 07:07hrs | 1 | by Staff reporter
OneMoney subscribers get free school fees
Lucky subscribers of NetOne's mobile money service, OneMoney, have been paid back the money they used to pay school fees through the service, as part of a promotion being run by the mobile network ope...Published: 14 May 2018 at 14:35hrs | 2 | by Staff reporter
Banks urged to offer affordable financial services
BANKS have been urged to capitalise on technological developments, share information and offer affordable financial services to consumers to promote financial inclusion.The call was made by Re...Published: 08 May 2018 at 07:50hrs | 1 | by Staff reporter
Zanu-PF issuing new electronic party cards
ZANU-PF is issuing new electronic party cards after phasing out those emblazoned with former President Robert Mugabe's picture.Addressing party members during a commissariat rally in Nhwali, G...Published: 10 Apr 2018 at 07:08hrs | | by Staff reporter
NetOne offers discounts on OneMoney transactions
Mobile telecommunications giant NetOne has introduced a promotion for its One Money customers, that will see them enjoying discounts for purchases made through the platform.Dubbed 8Time Promot...Published: 15 Feb 2018 at 05:40hrs | | by Staff reporter
StanChart riles depositors over Ecocash
STANDARD Chartered Bank has riled its depositors after taking long to integrate its system with Ecocash, to enable them to transact with others who do not have formal bank accounts.Ecocash is ...Published: 01 Feb 2018 at 05:24hrs | | by Staff reporter
Econet Wireless ventures into car insurance
LEADING telecommunications company, Econet Wireless Zimbabwe has ventured into car insurance business to provide road traffic accident cover and comprehensive cover for vehicles.The firm said ...Published: 30 Jan 2018 at 05:32hrs | 1 | by Staff reporter
NetOne records 291% mobile money subscriptions
STATE-OWNED mobile communications operator, NetOne, recorded an increase of 291 percent in mobile money subscriptions in the third quarter 2017, a Postal and Telecommunications Regulatory Authority of...Published: 14 Dec 2017 at 05:17hrs | | by Staff reporter
NetOne launches OneMoney platform in Bulawayo
STATE-OWNED mobile telecommunication operator, NetOne, has extended its mobile money service campaign to Bulawayo with the launch of its OneMoney platform set for today.NetOne, which is celebr...Published: 10 Nov 2017 at 04:54hrs | | by Staff reporter
NetOne pledges lower charges
NetOne has pledged to offer cheaper mobile money transfers as competition in the sector grows.Speaking at the launch of the NetOne mobile money service, OneMoney in Harare last week, the mobil...Published: 29 Oct 2017 at 07:19hrs | 1 | by Staff reporter
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