Airline says it can no longer process online payments above $200 using Zim Visa/MasterCard
Low-cost carrier, fastjet Zimbabwe, has said it can no longer process online payments above $200 using the Zimbabwean Visa or MasterCard, citing the “current” financial cash crisis.
In a post on its website, fastjet Zimbabwe said,
We would kindly inform you that Zimbabwean Visa/Master Cards for online purchases above $200 may not be processed as a result of the current financial situation in Zimbabwe.Feedback
The move by fastjet Zimbabwe comes as banks have started limiting the usage of the VISA/MasterCard for local transactions and are only allowing them to be used for foreign transactions. Early this month, BancABC told its clients that Visa/MasterCard would no longer be available for local transactions and instead use ZimSwitch-enabled debit cards..
The Reserve Bank of Zimbabwe has not implemented any regulations on the limited use of Visa/MasterCard for local transactions, with banking sources saying the move was the brainchild of the banks to augment efforts by the regulator in stabilising the nostro accounts.
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Efforts by NewsDay to reach fastjet Zimbabwe were unsuccessful.
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