Zimbabwean banks begin restricting use of cards outside the country & Telegraphic Transfers

By L.S.M Kabweza

Banks in Zimbabwe have began restricting telegraphic transfers and the use of Visa and MasterCard cards outside the country. Telegraphic Transfers (TTs) are money transfers from a Zimbabwean bank account to bank account outside the country. The development has come swiftly after the announcement of the introduction of new Bond Notes local currency by the government this month. Customers of […]

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Zimbabwean banks begin restricting use of cards outside the country & Telegraphic Transfers