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Zimbabwe to assess mobile money guidelines

Zimbabwe’s Reserve Bank has set out guidelines and policies to regulated mobile financial services.

The Governor of the Reserve Bank of Zimbabwe (RBZ), Gideon Gono, said the Zimbabwean economy has  benefited immensely from the introduction of mobile banking services. 

In line with this growth and the need to align with best international practices, RBZ saw a need to review the legal and regulatory framework.

He said: “In this regard, as Monetary Authorities, we are currently  seized with the drafting of  appropriate guidelines and policies in the following areas:

a. Payment systems oversight guideline to be finalised by 30 June 2013;

b. E-money and electronic payments guideline to be issued by end of September 2013; and

c. Agency banking guideline to be finalized by 31 December 2013.  

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