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Zim's EcoCash tightens transaction limit as forex crisis deepens

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Harare - Zimbabwe’s cash crisis seems to be worsening every day, with Econet subsidiaries EcoCash and Steward Bank putting further restrictions on the foreign currency its customers can access for US dollar payments.

Barely a month after mobile payment platform EcoCash announced a reduction of its monthly transaction limit for its EcoCash debit card, it has announced a further cutback.

On August 8 EcoCash said debit card holders can now only transact for up to $300 per month; this has been reduced further, with customers now only able to transact up to $100 per month.

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