Ecocash to Shut Down Entire System

In a shocking development, Ecocash has revealed in their court papers that they will be forced to shut down the entire system in order to implement the RBZ directive banning Cash-In and Cash-Outs.

Other arguments in Econet’s urgent Court Application by Mtetwa and Nyambirai Law Firm include:

• Cash-In and Cash Out are legal in Zimbabwe as part of the NPS
• Cash-In and Cash-Out are a key part of the Ecocash System
• RTGS has not been asked to stop Cash-In and Cash-Out
• Selling Money in the RTGS system is actually worse than on Ecocash
• The Directive will harm innocent Customers ( Loss of Life, loss of Business)
• Cash-In and Cash Out only make up a small part of the Ecocash Transactions

Read the full Application here