Zimbabwe: RBZ Designates Zimswitch As National Payment System

The Reserve Bank of Zimbabwe (RBZ) has directed all mobile money service providers to cross over to Zimswitch Technologies (Pvt) Ltd as their national payments switch with immediate effect.

It remains to be seen whether Econet, which enjoys a lion's share of the mobile money market and is locked in endless tussles with the authorities, will abide by the directive or challenge it in court.

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