Chiwenga Says Govt Is Working with RBZ To Make Sure That Ecocash Rates Go Down

Vice President Constantino Chiwenga has reassured the nation that the government is working with the monetary authorities at the Reserve Bank of Zimbabwe (RBZ) to ensure that rates for mobile money payments go down. The vice president singled out the country’s biggest mobile money company Ecocash by name. Addressing a Zanu-PF rally in Highfield on Monday, Chiwenga said,

We hear you on the issue of Ecocash rates and we assure you that we are working on it. The money that is being given to pensioners is a very small amount and we want that amount to be increased. We are talking with the Reserve Bank to reduce the rates.

Last month, EcoCash’s chief executive officer Natalie Jabangwe-Morris announced that the company was going to reduce its tariffs soon.

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Also read,

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Cash Barons Will Soon Be Making Losses, We Are Flooding Market With Foreign Currency: Mangudya

More: NewsDay

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2 comments on “Chiwenga Says Govt Is Working with RBZ To Make Sure That Ecocash Rates Go Down

  1. While its true that the tarrifs are on the high reducing the eco cash tariffs wont help citizens aslong as cash is not available the agents wil continue to charge very high percentages on cash out. Sort out the cash problem first

  2. For the meanwhile reducing the ecocash charges is a good idea because due to the shortage or leakage of money in banks , people rely on ecocash on their day to day transactions.

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