Zimbabwe central bank issues clarification on how it deals with phone-based money transfer platforms.

BANKING AND CREDIT NEWS-June 29, 2020--Zimbabwe central bank issues clarification on how it deals with phone-based money transfer platforms

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Global Banking News - 29 June 2020

The Reserve Bank of Zimbabwe has issued a clarification on how it deals with phone-based money transfer platforms.

The apex bank issued the clarification after announcing measures to deal with illicit trading on phone-based money transfer platforms. It said that authentic transactions would be processed normally. It also clarified that money agents had been suspended from mobile banking transactions and would...

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