Reserve Bank of Zimbabwe moves to end “mobile war” between telecommunications players

Monday, March 3, 2014

RBZ National Payment Systems senior executive, Josephat Mutepfa issued a directive on Friday that operators will now have to justify why such an exclusive agreement was necessary.

This comes at a time when some mobile payment system operators are entering into agreements with agents on terms of which the agent is prohibited from acting for any other mobile payment system operator.

Competition in the mobile financial transaction arena has intensified as service providers strive to earn more from subscribers sending and receiving money.

Econet already runs EcoCash while NetOne operates One-Wallet and Telecel runs Telecash.

Source: The Standard (link opens in a new window)

financial inclusion, governance, mobile finance