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Zimbabwe suspends mobile banking

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Harare

Zimbabwe abruptly suspended all mobile money transactions, the most widely used platform to make and receive payments in the crisis-ridden country, claiming the move would tackle crime and economic sabotage.
The government also suspended all trade on the country’s stock exchange, which it accused of being complicit in illicit financial activities.
An information ministry statement said government was suspending with immediate effect “all monetary transactions on phone based mobile money platforms in order to facilitate intrusive investigations”.—AFP

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