More financial misery for Zimbabwe after central bank curtails Ecocash
Zimbabwe’s cashless economy conducts the bulk of transactions via electronic and mobile money systems dominated by Econet’s Ecocash
03 October 2019 - 16:09
Harare — Zimbabwe’s financial crisis deepened this week after the central bank suspended the services of the country’s largest mobile money operator Ecocash, before partially restoring it.
Zimbabwe’s cashless economy conducts the bulk of transactions via electronic and mobile money systems dominated by Econet’s Ecocash, which has a 95% market share, moving hundreds of millions of the local currency, a day. ..
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