Zimbabwe: Econet, mobile money agent association head for clash

Wednesday, April 2, 2014

The Mobile Money Transfer Agents Association of Zimbabwe and Econet are heading for a possible clash over the latter’s recent directive that each of its agent should register at least five new customers per day as per their contract.

The association, however, advised its members yesterday to disregard the directive as it had been superseded by the Reserve Bank of Zimbabwe ruling last month that there is no mobile service company that should have exclusive contracts with agents.

The Reserve Bank of Zimbabwe ruled that mobile money agencies are permitted to offer services to multiple payment system providers. Econet Zimbabwe sent messages to all its EcoCash agents informing them of the requirement.

Source: All Africa (link opens in a new window)

digital payments, governance, mobile finance