Zimbabwe imposes mobile money tax

Tuesday, January 7, 2014

The banks had been involved in a bitter dispute with Econet Wireless, the country’s biggest telecoms firm, over its alleged refusal to open up its EcoCash mobile money platform for integration with the banking system in Zimbabwe.

The government has subsequently moved in to regulate mobile money transactions, effectively imposing a 5 cents tax levy on transactions carried out using mobile money platforms.

Source: IT Web Africa (link opens in a new window)

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governance, mobile finance, mobile money