Wednesday, July 29

Individuals Can Now Only Have One EcoCash Account

The Reserve Bank of Zimbabwe (RBZ) on Friday announced new measures to address mobile banking deficiencies in its Monetary Policy Statement (MPS).

The Central Bank issued a directive to the effect that, with immediate effect, all mobile money operators have to close all multiple wallets and allow just one wallet per individual.

This entails that it is no longer permitted for an individual to have more than one EcoCash account or with other mobile money operators for that matter. The RBZ said:
Following the suspension and freezing of agent and bulk-payer wallets on 27 June 2020, mobile money operators have allowed illegal foreign currency dealers to use multiple individual wallets as a means to bypass the transaction limits and continue with their illicit transactions.

However, the central bank did not explain a few grey areas in implementing its directive. For instance: Will people with multiple mobile wallets from one provider be the only ones affected? If someone has one Telecash, EcoCash and OneMoney wallet are they safe or they too will have those closed?

The directive also did not shed light on what will happen to money in the accounts being closed and in event that an individual has multiple wallets, it’s not clear how mobile money operators determine which account to close.

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Lawsuit Settlement Lawyer: What To Know Before Accepting Compensation

A lawsuit settlement lawyer helps clients decide whether a settlement offer is fair. Settlements can happen in personal injury, employment, class action, divorce, insurance, and business cases.

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A settlement may provide faster compensation and avoid trial risk. But accepting too little can create long-term financial problems.

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Before signing, understand what the settlement covers, whether future claims are released, how fees are deducted, and whether taxes may apply.

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In injury cases, consider future medical care, lost income, disability, and pain and suffering. In class actions, understand claim deadlines and payment rules. In divorce, understand long-term financial obligations.

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A lawyer can explain the risks and benefits of accepting or rejecting an offer.

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Settlement decisions should not be rushed. Once signed, many agreements are final.

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A fair settlement should reflect the facts, damages, evidence, and risks of the case.

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What Is a GLP-1 Weight Loss Program?

GLP-1 stands for glucagon-like peptide-1, a hormone that helps regulate appetite, blood sugar, and digestion. GLP-1 medications work by:

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  • Reducing hunger
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  • Helping you feel full longer
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  • Slowing digestion
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  • Lowering cravings
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  • Supporting steady fat loss
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Popular GLP-1 medications include:

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  • Wegovy
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  • Ozempic
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  • Mounjaro
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  • Zepbound
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  • Semaglutide
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  • Tirzepatide
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These medications became extremely popular because users reported dramatic weight loss results compared to traditional diet programs.

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Why Insurance Often Refuses to Pay

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Many people are shocked when they discover their insurance company will not cover GLP-1 medications for weight loss.

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Common reasons include:

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  • Weight loss exclusions in insurance plans
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  • Prior authorization requirements
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  • High medication costs
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  • BMI restrictions
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  • Employer plan limitations
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Without insurance, monthly costs can range from $900 to over $1,500 for brand-name medications.

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That’s why affordable telehealth GLP-1 programs have become one of the fastest-growing healthcare industries online.

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