July 27, 2019

Paynet sues Bankers Association of Zimbabwe for USD100 Million

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London Stock Exchange listed firm Cambria Africa is now in the motion of suing the Bankers Association of Zimbabwe, along with its members, for anti-competitive practices to the tune of US$100million. This is in relation to the dispute stemming from the blocking of PayNet from the banks which had an impact on bulk payments.

ZTN Correspondent Andy Hodges speaks to E-Business Weekly Senior Reporter Golden Sibanda on the implications of this lawsuit and also on the new system that is supposed to now cater for bulk payments.

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