Ecobank goes paperless

PAN-African banking group, Ecobank, says its local unit is going paperless by embracing electronic and mobile banking payments to enhance efficiency a

CABS to shut down four branches

The Central Africa Building Society (CABS) will be shutting down the Highfield, Highglen, Letombo and Norton branches on 31 January 2020 as part of th

EcoCash services remain subdued

Ecocash services remained subdued yesterday with no improvement in sight but with the firm assuring customers that the platform would soon stabilise a

Paynet loses US$100m lawsuit

PAYNET Zimbabwe (Pvt) Ltd, a subsidiary of Mauritius registered firm, Payserv Africa Limited, has lost a US$100 million lawsuit against the Bankers As

Business suffers as EcoCash still down

Retailers and other business entities may have lost potential revenue running into hundreds of millions of dollars after Zimbabwe's biggest mobile mon

EcoCash to be shutdown for 24 hours

EcoCash today announced a major upgrade of its platform scheduled for the weekend, which will result in a 24-hour downtime of all EcoCash services.

Zimbabwe well advanced in e-payments, says VISA

Zimbabwe is one of the most advanced countries in electronic payments accounting for 90 to 98 percent of all payments made, but reports say the rural

Mobile money brings hyperinflation back

Hyperinflation is making an unwanted return to Zimbabwe. We don't know how bad it is because the government has suspended publishing official figures

Bank cards crime soars in Zimbabwe

AS THE country's economic rot continues to deepen, police are warning the public about a sharp increase in crime relating to bank cards. This comes as

Mastercard and Visa announce competitor to PayPal and Apple Pay

Smartphones have made taking a photo and checking fantasy football scores a breeze, but inputting credit card details on that small screen can still b

FBC bans forex withdrawals

Listed financial institution FBC has banned forex withdrawals as monetary authorities continue to battle parallel market activities that are believed

RBZ develpps cold feet, brings back cash-in, cash-out

The Reserve Bank of Zimbabwe (RBZ) has today brought back the on cash-in, cash-out and cash-back facilities attached with stringent rules.In a

EcoCash threatens complete shutdown

ZIMBABWE Stock Exchange (ZSE)-listed Cassava Smartech Zimbabwe Limited, a subsidiary of Strive Masiyiwa's Econet Wireless, has threatened a complete s

RBZ clamps down on illegal cash deals

THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to ext

Strive Masiyiwa lashes RBZ

Ministers have recently issued threats against Econet's mobile money service, EcoCash, whose agents are accused of charging desperate Zimbabweans look

Zimbabwe Reserve Bank bans mobile money agencies

In what analysts have described as a major blow to the advent of mobile money and financial inclusion, the Zimbabwean central bank has banned mobile m

Latest Headlines