Proporcionamos a nuestros clientes asesoramiento experto y las mejores prácticas de la industria
LLÁMENOS HOY 864-649-6300
Menu
Search

In The News

Home > Acquisitions > Zimbabwe suspends mobile money services amid economic crisis
Jun29 - 20

Zimbabwe suspends mobile money services amid economic crisis

Zimbabwe has blocked the majority of mobile money transactions and suspended the country’s stock exchange as it seeks to stabilise its currency.

On Friday (June 26th), Information Secretary Nick Mangwana halted “monetary transactions” made via the country’s four major mobile money providers EcoCash, MyCash, One Money and Telecash. The move prompted outcry, with merchants unable to honour any transactions apart from for goods, services or utilities, and a daily limit of ZWD5,000 ($13.82) imposed on all accounts.

The Zimbabwe Reserve Bank has clarified that mobile money users are not the intended targets of the restrictions, and that utilities payments can continue, although withdrawals must be processed through the country’s banking system. The government is shutting down bulk payments and mobile money agents, as well as transactions between merchants. Read the complete article HERE.

Categories

Archives

Events

September
9-10, 2021

The 2021 PBC Conference will take place in Washington, D.C. At this event, you will learn more about payments, banking and compliance in the Cannabis…

October
24-27, 2021

The 2021 MoneyFest will take place in Las Vegas from October 24 to October 27. Learn more about this event here.

CONTÁCTENOS

Complete todos los campos marcados con * y envíe el siguiente formulario para
hacer su consulta.

PÓNGASE EN CONTACTO CON NOSOTROS HOY

Complete todos los campos marcados con* y envíe el siguiente formulario para hacer su consulta.

  • Este campo es un campo de validación y debe quedar sin cambios.

Call Now Button