Zimbabwe’s EcoCash moving bulk funds from banned agent lines
Process could only be done after Central Bank’s Financial Intelligence Unit (FIU) was satisfied with the legitimacy of the source of the money.
Massive surge in mobile money transactions in Zimbabwe
Industry regulator's Q3 report reflects on surge in transactions.
Zimbabwe reverses mobile money functionality freeze
Latest development follows EcoCash's recent legal action against directive.
EcoCash seeks legal interdict against central bank directive
Cassava Fintech files application for temporary interdict against central bank directive to halt cash0in and cash-out mobile money functionalities.
Mobile money agents cash in on Zimbabwe's cash crunch
Premiums of up to 40% charged on balances cashed out from mobile wallets as local banks struggle to meet demand for notes and coins.
Africa is last growth frontier for FinTech companies
Sub-Saharan Africa will become a flagship for mobile disruption by 2025.