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JUST IN: RBZ Orders Simbisa's InnBucks To Stop Transfer Of Money

JUST IN: RBZ Orders Simbisa's InnBucks To Stop Transfer Of Money

The Reserve Bank of Zimbabwe (RBZ) has ordered InnBucks to stop operating as a money transfer service provider. 

CESSATION OF INNBUCKS OPERATING AS A MONEY TRANSFER SERVICE PROVIDER The Reserve Bank of Zimbabwe (the Bank) advises the public that it has ordered Simbisa Brands (Private) Ltd to cease operating the money transfer service branded or styled InnBucks, with immediate effect. In November 2021, the Bank directed InnBucks to apply for and obtain necessary approvals in order to continue offering the service. To date, the company has not yet regularised the service as directed, hence the inevitable regulatory intervention by the Bank. The cessation of the service means that customers shall no longer be able to deposit funds into the InnBucks account or transfer the funds to third parties. However, customers may redeem their balances for cash or goods at Simbisa Brands (Private) Ltd outlets within a period of 30 days from date of this Press Statement.

ohn P. Man dya Governor

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24 Comments

Chazunguza 3 months ago

Apa innbucks had no charges when withdrawing cash and you were only charged very little when transferring money, kunyatisana chete😭😭😭


BUOY 3 months ago

haaaaaa amana msadaro. Innbucks offered good services


🙄 3 months ago

it's really bad. innbuck offers excellent services than any bank. one gets his money even late hours. why making things harder Everytime??????


African 3 months ago

Zanu pf makes shuwa kuti tikaure chete, chese chaita senge chafadza munhu wese vanochirwisa, from USD, good life, yaparei innbucks


Mafirakureva 3 months ago

I don't qualify.
Not yet a geriatric

VYBZ KARTEL 3 months ago

Mafirakureva ndewe Zanu

Mafirakureva 3 months ago

@VYBZ Ketero,
RBZ ndeye ZANU
ZRP ndeye ZANU
ZNA ndeye ZANU
ZEC ndeye ZANU
ZBC ndeye ZANU
Zimpapers ndeye ZANU
ZTN ndeye ZANU
ZACC (catch and release) ndeye ZANU
ZUPCO ndeye ZANU
Supreme Court ndeye ZANU
MDC ndeye ZANU
POLAD ndeye ZANU and
VYBZ Ketero ndewe ZANU.

R 3 months ago

Fair vanhu vemu Zimbabwe ma**** chirungu chonetsa kaaa

VYBZ KARTEL 3 months ago

verenga owe Havana kutera murawo plus RBZ haisi yeZANU. Shanda head

Inbucks 3 months ago

don't musawara guys tovhura imwe inonzi outbucks


Mangudya 3 months ago

Ndokumamisai zvee

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inini 3 months ago

ndabatikana hangu,inn bucks zvazva zvinhu zvee


chazezesa 3 months ago

ecocash yoburitsa innbucks muchiround vakomana


1234 3 months ago

varikuvinga Pendula manje manje havadii chakanaka vanhu ava


Mangethe 3 months ago

😂😂😂

zim1 3 months ago

ko kana vakanzi registai zviripamutemo last year vaitadza nei kungozviita ka1 pane kuita kachitsotsi , yaa zvakachipa zvodhura ..


Isaac 3 months ago

“Naka, Dhula, Dhaka...”

Isaac 3 months ago

I was expecting this 😌


Mary Mubaiwa 3 months ago

Hawana kubata mademands eRBZ ngawagadzirise awa


Blabber 3 months ago

The statement is clear and concise, InnBucks only have regularize their papers and its business usual


Blabber 3 months ago

Handityore chirungu kudaro iwe! Ita mushe fake blabber

Julia 3 months ago

Inga ma 1 KO madarireiko


Nyundo 3 months ago

Let's be factual what is it that innbucks was supposed to do that they did not do


M🎉 3 months ago

Register to vote (ngaapinde hake mkomana)



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