Published: 30 January 2014

Econet Wireless Zimbabwe has said it is willing to deal with individual financial institutions only with regards to the opening up of the USSD gateway.

Econet was under pressure to revise its position regarding the opening up of the USSD gateway amid indications that banks are planning not to transact with its banking unit, Steward Bank, on the RTGS platform.

Well-placed sources said banks had through their industry body tried to negotiate access to the USSD mobile banking platform but Econet effectively side-stepped this as revealed by detailed communications in our possession.

The telecoms operator, in a letter dated January 20, 2013, said banks should approach the group directly if they have any concerns with regards to their agreement to open up the gateway.
- herald

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