Suspend Swipe Into EcoCash "With Immediate Effect", Steward Bank Instructed

Steward Bank has been directed to suspend its Swipe Into EcoCash service with immediate effect by ZimSwitch. The apparent reason is that Steward Bank has continued to run the service using a transaction type they were advised to change.

In a letter to ZimSwitch by ZimSwitch General Manager, Cyril Nyatsanza, the suspension needs to be in effect until the transaction type has been changed:

We note with concern that Steward Bank has failed to implement the change and swipe into Ecocash transactions continue to be routed as transaction type 00-Purchase instead of the agreed type 50.

Steward bank is therefore directed with effect from Wednesday 23 May to suspend with immediate effect the processing of the swipe into Ecocash transactions across Zimbabwe until transaction type has been regularized.

ZimSwitch runs a financial services switch which has at least 17 banks as members.

Also read: Swipe Into EcoCash Not Going Anywhere, Econet Assures Customers

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