Card fraud now under control: Zimswitch

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ZIMBABWE’S national payment system, Zimswitch, says card fraud cases have gone down after efforts it extended in partnership with the Reserve Bank of Zimbabwe (RBZ) and the National Prosecuting Authority (NPA), to plug loopholes.
It comes as instances of card cloning had risen dramatically in the country with the police recording more than 600 cases last year.

“Zimswitch has a desk that looks after cyber-security… so, ourselves, the RBZ and the NPA have lately put a special focus on card fraud, and the amounts and the numbers of fraud that was happening, especially around card cloning have come down,” Cyril Nyatsanza, Zimswitch’s chief executive told the Institute of Bankers of Zimbabwe’s Summer School last week.