Banking

Supa threatens Econet’s Ecocash again

August 10, 2017 Staff Reporter 0

INFORMATION Communication Technology Minister Supa Mandiwanzira has expressed disquiet over Econet Wireless’ dominance of the country’s mobile money payments system saying this exposed the country to risk, should the largest telecommunications firm’s systems fail. Mobile […]

Banking

EcoCash announces new transaction limit

August 3, 2017 Staff Reporter 0

Harare – Zimbabwe’s largest mobile payment solution EcoCash, owned by Econet Zimbabwe, has announced another reduction of its monthly transaction limit for its EcoCash debit card. In a text message sent to its subscribers, Econet said cardholders can […]

Banking

Econet scales down debit card issuance

July 31, 2017 Staff Reporter 0

LISTED telecoms firm, Econet has scaled down the issuance of new debit cards for its mobile money service, EcoCash, in line with the central bank’s directive to monitor foreign expenditure. Local financial institutions have been […]

Banking

Barclays to pay out US$2,6m bonus

July 28, 2017 Staff Reporter 0

Barclays Bank Plc will pay out a £2 million (US$2,6 million) closing bonus to Barclays Zimbabwe Limited workers as the United Kingdom-based banking group divests from the local market after 105 years, it has been […]

Banking

Zim dollar to return in future

July 28, 2017 Staff Reporter 0

GOVERNMENT is building diamond and gold reserves to back the local currency upon its re-introduction in future, Vice-President Emmerson Mnangagwa has said. VP Mnangagwa refused to disclose when the local currency would be re-introduced but […]

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