Mobile Financial Services (mobile money) — Zimbabwe

The Zimbabwe category mapped to e-money issuance.

Mobile-money / mobile financial services provider recognised as a payment system by the Reserve Bank of Zimbabwe under the National Payment Systems Act [Chapter 24:23] and regulated for money-transmission and mobile-money interoperability by Statutory Instrument 80 of 2020 (Banking (Money Transmission, Mobile Banking and Mobile Money Interoperability) Regulations, 2020). These are the wallet issuers that hold customer float. The population is taken from the RBZ 'Approved Payment Systems Platforms' list, rows whose services-offered label is 'Mobile Financial Services'; a mobile network operator must also be licensed under the Postal and Telecommunications Act [Chapter 12:05] (SI 80/2020 s.3).

Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.

Licensed providers

7 entities

#	Provider	Status (as reported)	Source	Source date
1	Ecocash (Private) Limited (also written Ecocash)	authorized	Reserve Bank of Zimbabwe	not dated
2	Innbucks	authorized	Reserve Bank of Zimbabwe	not dated
3	MyCash	authorized	Reserve Bank of Zimbabwe	not dated
4	Omari	authorized	Reserve Bank of Zimbabwe	not dated
5	One Money	authorized	Reserve Bank of Zimbabwe	not dated
6	Telecash	authorized	Reserve Bank of Zimbabwe	not dated
7	Telpay	authorized	Reserve Bank of Zimbabwe	not dated

Reading the tables

not dated: — the official source publishes no date of its own. We show our own last-checked date instead of inventing one for the regulator.

Licence requirements

What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.

Requirement	As published	Source	Source date
Minimum capital	No such requirement: No minimum paid-up capital is prescribed for a mobile-money / money-transmission provider: SI 80 of 2020 sets application and annual fees, licensing conditions and civil penalties, but carries no capital floor.	Banking (Money Transmission, Mobile Banking and Mobile Money Interoperability) Regulations, 2020 — Statutory Instrument 80 of 2020 (the mobile-money / money-transmission licence frame under the National Payment Systems Act [Chapter 24:23])	2020-03-27
Local presence / incorporation	A mobile network operator must be licensed under the Postal and Telecommunications Act [Chapter 12:05]; every provider must obtain recognition of its payment system under s.3(1) of the National Payment Systems Act [Chapter 24:23], and comply with the conditions attached to that recognition. Verbatim “(a) where they are mobile network operators be licensed in terms of the Postal and Telecommunication Act [Chapter 12:05]; (b) obtain recognition of their payment system in terms of section 3(1) of the National Payment Systems Act [Chapter 24:23] together with the application and annual fees specified in the First Schedule, and must comply with the conditions attached to that recognition and with these regulations.”	Banking (Money Transmission, Mobile Banking and Mobile Money Interoperability) Regulations, 2020 — Statutory Instrument 80 of 2020 (the mobile-money / money-transmission licence frame under the National Payment Systems Act [Chapter 24:23])	2020-03-27
Timeline	Not officially published: SI 80 of 2020 publishes no fixed number of days within which the Reserve Bank must grant or refuse recognition / licensing.	Banking (Money Transmission, Mobile Banking and Mobile Money Interoperability) Regulations, 2020 — Statutory Instrument 80 of 2020 (the mobile-money / money-transmission licence frame under the National Payment Systems Act [Chapter 24:23])	2020-03-27
Local ownership	No such requirement: SI 80 of 2020 sets no local-ownership or nationality requirement for a money-transmission / mobile-money provider.	Banking (Money Transmission, Mobile Banking and Mobile Money Interoperability) Regulations, 2020 — Statutory Instrument 80 of 2020 (the mobile-money / money-transmission licence frame under the National Payment Systems Act [Chapter 24:23])	2020-03-27
Fees	A value has been located but not yet verified, so we don't publish it here.	—	—
Ongoing obligations	Mandatory connection to a national payment switch for interoperability of payment systems and services (as directed by the Reserve Bank by written notice). Verbatim “It shall be mandatory for every money transmission provider and mobile banking provider shall be connected to a national payment switch, as shall be directed by written notice by the Reserve Bank from time to time that enables interoperability of payments systems and services.”	Banking (Money Transmission, Mobile Banking and Mobile Money Interoperability) Regulations, 2020 — Statutory Instrument 80 of 2020 (the mobile-money / money-transmission licence frame under the National Payment Systems Act [Chapter 24:23])	2020-03-27

Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.

The equivalent in other markets

Categories mapped to the same normalized activity — fintech:EMONEY_ISSUE: