Does mobile money services need to be regulated as does internet banking and sea of other recent digital banking innovations to reach Zmbabwe's shores.
The answer is an emphatic yes, as Zimbabwe's digital platforms for business become robust there will be need for regulation by the reserve bank, sec and other government bodies.
This is not unique to Zimbabwe but a phenomenon that is global, that is the move towards regulation of new digital platforms. In the USA, UK, South Africa and other countries where digital platforms are widely used for business these same channels are regulated.
Regulation is not there just to create a bureaucratic layer to hamper innovation and ease of doing business but to protect the ordinary citizens of the country from unscrupulous business practices that are rampant on these platforms.
Plus more money into the fiscus that needs to be captured.