Published: 12 February 2014

Econet Wireless has reignited its protracted hostility with fierce rival Telecel Zimbabwe after barring its agents from doubling up as agents for rival mobile money transfer service, telecash.

This follows the launch by Telecel last week of its own mobile money transfer service, telecash, which will compete directly with Econet's Ecocash.

Telecel said it had no problem with agents doubling up for competition provided they saw value in doing so. Ecocash agents were made to sign exclusivity agreements by Econet against their will.

Telecel initially took its exception to Postal and Telecommunications Regulatory Authority of Zimbabwe who advised it to approach the Reserve Bank as regulator for financial services.

Econet said it was happy with the growth of Ecocash and acknowledged the presence of other players in the market.
- herald

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