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Woes mount for Zimbabwe formal businesses\
Informal traders who largely evade taxes and levies are placing formal retail and wholesale businesses in Zimbabwe at a significant competitive disadvantage, burdened by a heavy and complex taxation r...Published: 23 Jun 2025 at 10:58hrs | 247 | by Staff reporter
Zimbabwe's cashless push stumbles
Zimbabwe's digital payments ecosystem experienced a notable contraction in the first quarter of 2025, with the total value of electronic transactions processed through national payment systems falling...Published: 16 Jun 2025 at 14:42hrs | 170 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 176 | by Staff reporter
NetOne expands OneMoney to boost rural financial inclusion
One of Zimbabwe's largest mobile network providers, NetOne, is ramping up its financial inclusion efforts by expanding its OneMoney agent network and increasing remittance partnerships in rural areas....Published: 02 Apr 2025 at 15:51hrs | 562 | by Staff reporter
Mukuru: Born on a Chimanimani mountain, and now a billion-dollar fintech business
Mukuru was first envisioned by two Zimbabwean entrepreneurs while mountain climbing in Chimanimani in Eastern Zimbabwe. The company later began operations in a bedroom in Cambridge, England in 2004, b...Published: 25 Mar 2025 at 11:55hrs | 3118 | by Staff reporter
EcoCash launches 'Spend and Win' promotion with Mastercard
EcoCash, Zimbabwe's leading mobile money platform, has launched a new promotion offering customers the chance to win a variety of prizes, including an all-expenses-paid holiday for two to Zanzibar. Th...Published: 11 Mar 2025 at 12:32hrs | 200 | by Staff reporter
Mukuru advocates for cashless economy
The logistics of handling cash in Zimbabwe present significant obstacles, but Doug Tait-Knight, the Chief Executive Officer of Mukuru Zimbabwe Financial Services, believes that embracing digital payme...Published: 09 Feb 2025 at 11:30hrs | 1440 | by Staff reporter
Bank card fraud chaos in South Africa
In 2023, card-not-present (CNP) fraud accounted for over 68% of all card fraud committed in South Africa, costing citizens over R700 million.This is according to the South African Banking Risk...Published: 08 Nov 2024 at 16:31hrs | 2240 | by Staff reporter
South Africa plans to say goodbye to cash?
Despite the surging adoption of contactless payments in South Africa, more than half of the country still relies on cash as their dominant payment method, and the digital divide is slowing the migrati...Published: 29 Oct 2024 at 13:54hrs | 3060 | by Staff reporter
BRICs payment system being tested
A new digital payments system, BRICS Pay, debuted for live testing at this week's BRICS Business Forum at the International Trade Center in Moscow.During the trial - on 17 and 18 October - for...Published: 19 Oct 2024 at 15:54hrs | 1762 | by Staff reporter
Masiyiwa named among only 17 black billionaires in the world
ACCORDING to Forbes, there are currently 2,640 billionaires in the world. They are collectively worth $12.2 trillion. The United States is the number one home of billionaires with 735 of them, followe...Published: 05 Jun 2023 at 06:59hrs | 7 | by Staff reporter
Why are online casinos growing in South Africa?
Across Africa, but particularly in South Africa, online gambling is a growing market segment. By 2026, South Africa's casino games market is projected to ...Published: 10 Feb 2023 at 14:09hrs | 157 | by Staff Reporter
Unlocking Africa's Future: How the Disruptive Protocols Emerging Today Can Benefit the Continent
We live in a world where technology is rapidly transforming the way we live, work, and play. From artificial intelligence to blockchain technology, the disruptive protocols emerging today have the pot...Published: 30 Dec 2022 at 07:45hrs | 2 | by Taedzwa Chikono
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 | 3 | by Staff reporter
WorldRemit closes transfers to Zimbabwe banks
British-based digital payments service, WorldRemit has announced its removal of direct bank transfers to Zimbabwean accounts in favour of mostly cash transactions.This came a month after Zimba...Published: 18 Jun 2022 at 07:28hrs | 13 | by Staff reporter
National payments reach trillions amid echoes of 2008
THE Reserve Bank of Zimbabwe (RBZ) says the value of transactions processed through the national payment systems hit the ZW$7.8 trillion mark last year, rising by 218% from ZW$2.5 trillion during the ...Published: 16 Feb 2022 at 17:44hrs | 7 | by Staff reporter
Mastercard and Network International Pioneering Africa's digital payment revolution
Civilization has transformed trading and commerce from the prehistoric means which involved barter trades facilitated by the item-to-item exchange. The discrepancies and inconsistencies of goods valu...Published: 12 Apr 2021 at 12:27hrs | 19 | by Staff Writter
Zinwa shelves tariff hike after outcry
THE Zimbabwe National Water Authority (ZINWA) has with immediate effect suspended its plans to increase water tariffs following an outcry by various stakeholders.Zinwa had planned to effect a ...Published: 10 Mar 2021 at 11:14hrs | 1 | by Staff reporter
Xmas rush exposes banks
A STEEP rise in demand for liquid cash experienced during the Christmas period exposed weaknesses in Zimbabwe's electric money strategy, a NewsDay Business survey revealed. Clients said electr...Published: 01 Jan 2021 at 07:39hrs | 11 | by Staff reporter
Africa must address its debt burden once the pandemic is under control - says World Bank Vice President
Carlos Felipe Jaramillo was recently appointed the World Bank's Vice President for the Latin America and the Caribbean Region. He was, until his recent appointment, the bank's country director for Ken...Published: 10 Oct 2020 at 12:13hrs | 1 | by Raphael Obonyo
EcoCash bureau de change launch to spur financial inclusion in Zimbabwe
THE recent launch of a bureau de change by Zimbabwe's leading mobile money service provider EcoCash after approval by the country's central bank is likely to help channel more remittances through form...Published: 28 Aug 2019 at 07:41hrs | 2 | by Sifelani Tsiko
Zifa introduces online ticket sales
ZIFA have urged football supporters to embrace technology by buying online the tickets for the upcoming AFCON qualifier between Zimbabwe and Congo-Brazzaville set for the National Sports Stadium next ...Published: 02 Feb 2019 at 05:47hrs | 1 | by Staff reporter
Mastercard reinforces commitment to drive Digital Transformation Agenda in Zimbabwe
Harare, Zimbabwe, 22 October 2018 - Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard's strong support for the country's drive to create a new wave of digital pay...Published: 22 Oct 2018 at 11:51hrs | 2 | by Agencies
EcoCash deliver real-time mobile digital payments between Botswana and Zim
Orange Money Botswana and EcoCash earlier this year launched a partnership to enable better and more affordable access to digital money transfers between Zimbabwe and Botswana.The service now ...Published: 17 Jun 2018 at 19:57hrs | 29 | 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 | 3 | by Staff reporter
Zimbabwe govt needs to regain the trust of the people
The Zimbabwean government needs to regain the trust of the people to achieve its aim of creating a 'cashless society', an Overseas Development Institute research fellow has told PF International....Published: 23 May 2018 at 11:03hrs | 1 | 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 | 4 | by Staff reporter
Bulawayo kombis adopt swipe payment
BULAWAYO public transport operators have resolved to introduce swiping for commuter fares that range from 50 cents to a dollar in a bid to ease the strain of cash shortages.The service is a br...Published: 27 Feb 2018 at 05:54hrs | 3 | by Staff reporter
Ministers sweat over Mnangagwa deadline
Cabinet ministers are putting in extra hours every day to meet targets set by President Emmerson Mnangagwa as a new work ethic takes root in Government.The Sunday Mail understands most ministe...Published: 10 Dec 2017 at 05:19hrs | 1 | by Staff reporter
Mandiwanzira takes a dig at Econet
Information and Communication Technology (ICT) minister Supa Mandiwanzira yesterday took a subtle dig at the country's leading telecommunications firm, Econet Zimbabwe, accusing it of exhibiting monop...Published: 04 Aug 2017 at 09:37hrs | | by Staff reporter
WannaCry virus hit Zimbabwe banks
The government says it has identified two banks which were among several institutions affected by the WannaCry virus global attack from May 12 to 15 that affected a cross section of institutions....Published: 04 Aug 2017 at 06:43hrs | 1 | by Staff reporter
Africa's quest for a cashless economy gains momentum
Insufficient financial inclusion, unbanked masses and financial literacy are increasingly attracting investors When she needed to transfer money to a f...Published: 30 May 2017 at 21:28hrs | 4 | by Kingsley Ighobor
EcoCash win CashlessAfrica Awards 2017
Mahindra Comviva, the global leader in mobility solution and Econet Wireless, the largest mobile operator in Zimbabwe, have jointly won the CashlessAfrica Awards 2017 in the "Best Low Remittance Provi...Published: 29 Mar 2017 at 08:54hrs | | by Agencies
Zimbabwe edging closer to cashless economy
Zimbabwe is edging closer to become a cashless economy following a huge improvement in the use of mobile money and digital transactions by industry and commerce.Statistics released at the mobi...Published: 28 Jul 2016 at 19:19hrs | | by Staff Reporter
Zimbabwe mobile money transfer under spotlight
Zimbabwe has been urged to develop a progressive and competitive regulatory framework for the mobile money transfer sector.The growth of the mobile money transfer sector as evidenced by the US...Published: 13 Jul 2015 at 18:03hrs | | by Staff reporter
'Diaspora is the major driver of mobile money,' says Telecel
THE diaspora market is one of the biggest drivers of mobile money in Zimbabwe, according to Nkosinathi Ncube, financial services director at mobile operator Telecel.Ncube was speaking Thursda...Published: 22 May 2014 at 22:11hrs | | by Staff reporter
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