The suspension is intended to deal with malpractices, criminality and economic sabotage perpetuated by people fuelling parallel market rates. Information permanent secretary Ndavaningi Mangwana said the tough measures were meant to facilitate intrusive investigations, leading to the arrest and prosecution of offenders, according to Telecompaper.
The government claims it has "impeccable intelligence" linking mobile money and the Zimbabwe Stock Exchange (ZSE) to what it calls economic sabotage. Authorities said all the four mobile money platforms EcoCash, One Money, Telecash and MyCash were involved in "these illicit activities to various degrees".
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.