Regulatory Alerts2014-02-28
National Payment Systems Directive on Exclusive Agent Agreements
The Reserve Bank of Zimbabwe directs payment system providers to permit agents to serve multiple operators under separate contracts, provided the agents possess adequate transaction management capacity. Providers seeking exclusive agent agreements must submit a justified application to the Reserve Bank, which retains authority to approve, dismiss, or direct such arrangements. This directive aims to prevent anti-competitive exclusivity covenants that hinder competition and financial inclusion within the national payment ecosystem.
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