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[QUOTE="Queen, post: 87385, member: 27"]
A June 2026 deadline just forced mobile money platforms to cross-check every single account against Zimbabwe's national death registry.

RBZ's crackdown on dead-person fraud
[LIST]
[*]Governor John Mushayavanhu dropped this during his Monetary Policy Statement.
[*]Mushayavanhu revealed that syndicates are raiding deceased people's wallets.
[*]EcoCash and similar platforms must verify holders with the Registrar General's Department.
[*]Unverified accounts without a living owner face deactivation.
[/LIST]
Why dead accounts became goldmines
[LIST]
[*]Accounts belonging to deceased Zimbabweans are prime fraud targets.
[*]Criminals have been exploiting the gap between death records and mobile money data.
[*]Linking databases to the national death registry is the fix.
[*]Reserve Bank of Zimbabwe wants fraudsters frozen out instantly.
[/LIST]
Bank fees got absolutely gutted
[LIST]
[*]Balance inquiry and cash deposit charges are completely gone.
[*]Cash withdrawal fees dropped to a flat 2 percent.
[*]Point-of-sale transactions are capped at 1.5 percent.
[*]Consumers had long despised these particular banking costs.
[/LIST]
Small-transaction relief for vulnerable users
[LIST]
[*]Mobile money platforms cannot charge for transactions under US$5.
[*]Airtime and bus fare transfers stay fee-free under that threshold.
[*]EcoCash is directly named in the governor's directive.
[*]Protecting low-income users from hidden fees is the stated goal.
[/LIST]
[/QUOTE]

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