Cassava Smartech Take RBZ To Court Over Ban On Cash-In, Cash-Out & Cash-back Facilities

Cassava Smartech has approached the High Court seeking to “temporarily” stop the implementation of the Reserve Bank of Zimbabwe’s ban on all cash-ins, cash-out and cash-back facilities by mobile money agents.

The urgent application follows RBZ’s directive which is alleged to be a way to stop money laundering.

Cassava Smartech which is an offspring of Econet Wireless, runs ECOCASH, the largest mobile phone-based money transfer, financing and microfinancing service in the country.