An Expository Overview of the Financial Integrity Risk Associated with the Relaxation of Financial Regulation to Promote Financial Innovation through Mobile Money Services in Zimbabwe


  • Howard Chitimira North-West University
  • Luck Mavhuru North-West University


Financial regulation; mobile money services; financial integrity; financial innovation; financial sector


The rationale for financial regulation is to promote and maintain financial integrity in the financial sector of any country. In this regard, it is important to note that the need for access to formal financial services such as credit, insurance and banking is being addressed by financial technology (fintech), particularly mobile money services (MMS) in Zimbabwe. However, the relevant laws in Zimbabwe do not expressly provide for fintech innovation. Moreover, the Zimbabwean policy makers have grappled with the constant and rapid growth of fintech. The Zimbabwean policy makers have struggled to strike a balance between maintaining financial integrity and creating an environment that promotes financial innovation. Thus, the Zimbabwean policy-makers have a tricky responsibility of safeguarding the stability of the financial sector while simultaneously promoting financial innovation and new financial services and products. Given this background, this article investigate the challenges associated with the relaxation of financial laws to promote financial innovation such as MMS in Zimbabwe.

Author Biography

Howard Chitimira, North-West University

Associate Professor, Faculty of Law


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How to Cite

Chitimira, H., & Mavhuru, L. . (2024). An Expository Overview of the Financial Integrity Risk Associated with the Relaxation of Financial Regulation to Promote Financial Innovation through Mobile Money Services in Zimbabwe. Acta Universitatis Danubius. Œconomica, 20(1), 70–87. Retrieved from



Business Administration and Business Economics