CBZ Money Transfer Centre

CBZ makes it faster to collect remittances with Money Transfer Centre

People who receive money from their loved ones in the Diaspora should be glad to hear that CBZ has opened a Money Transfer Centre for their convenience. The Money Transfer Centre is an outlet by CBZ that's solely dedicated to serving people who want to collect money. This exclusiveness will enable people to collect their … Continue reading CBZ makes it faster to collect remittances with Money Transfer Centre

Zimbabwe bond notes

ZRP arrests 102 businesspeople caught rejecting bond notes

Last month, the Zimbabwe Republic Police (ZRP) warned businesses people who were rejecting bond notes. They have followed on their warning by prosecuting 106 businesspeople who were not accepting the country's legal tender. And of those 106 who were arrested, 28 are set to appear in court according to a Newsday report. police spokesperson Assistant … Continue reading ZRP arrests 102 businesspeople caught rejecting bond notes

EcoCash Executive grade transaction limits

Who are EcoCash’s Executive Grade customers who enjoy higher transaction limits?

Every time and again EcoCash revises transaction limits in response to regulatory pressure and economic developments. Recently, EcoCash transaction limits were arguably revised down to fend off pressures from the Reserve Bank of Zimbabwe. What was noteworthy when the new transaction limits were unveiled is certain two grades of customers that have larger limits that … Continue reading Who are EcoCash’s Executive Grade customers who enjoy higher transaction limits?

EcoCash Telecash OneMoney

Frequently Asked Questions concerning suspension of mobile money transactions

What has just happened? Secretary of Information, Nick Mangwana instructed mobile money platforms and Zimbabwe Stock Exchange to suspend trading on their platforms. Nick Mangwana said the platforms are being used to stifle government's efforts to revive the economy, so as a result, they will conduct investigations to bring to book "economic saboteurs" a.k.a "wolves … Continue reading Frequently Asked Questions concerning suspension of mobile money transactions

EcoCash FCA

Mobile money platforms dismiss government’s directive

Mobile money platforms have made light work of the government's statement which instructed mobile money platforms to suspend their services pending investigations.In statements, EcoCash, MyCash and OneMoney said they will not suspend transactions since they didn't receive a directive from their regulator, the Reserve bank of Zimbabwe. Therefore, customers have to continue using their platform … Continue reading Mobile money platforms dismiss government’s directive