Regulatory Alerts2020-01-01
Geolocation of Access Devices and Points 1 2020
The Reserve Bank of Zimbabwe requires financial institutions, payment system providers, and stakeholders to implement geolocation for all access points and devices, including POS terminals, ATMs, mobile banking agents, merchants, branches, and bank agents. This mandate entails identifying and publishing the exact real-world geographic coordinates of each access point or device. Institutions must update their websites and electronic platforms to make this location data readily available upon request for customer convenience.
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