Card cloning scams hit Zimbabwe

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By Farayi Machamire Zimbabwe has been hit by a wave of sophisticated card cloning syndicates, which has seen retailers and individuals lose huge sums of money. #Confederation of Zimbabwe Retailers (CZR) president #Denford Mutashu told the Daily #News that members of his organisation had fallen victim to the scammers, who in some instances stole Point of Sale (POS) machines from shops and service stations and upload data which they used to clone debit cards. “Several businesses and individuals have lost thousands of dollars through such activities. It is actually prevalent…

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25% charge on mobile money: Retailers call on Govt to protect consumers

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By Prince Sunduzani The Confederation of Zimbabwe Retailers (CZR) has urged the Government to rein in mobile money companies to protect consumers as their merchants are charging up to 25 percent premium on mobile transactions. Denford Mutashu CZR president Mr Denford Mutashu said the malpractice needs to be curbed as it is defrauding consumers and affecting their confidence in the use of plastic money.“The charging of 25 percent premium by various merchants is criminal and should be abolished immediately as consumers have suffered. “The CZR feels Government must direct mobile…

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